Mizuho Issues Positive Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price objective upped by Mizuho from $110.00 to $128.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

EXE has been the subject of several other research reports. Citigroup boosted their price target on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Wells Fargo & Company raised their price target on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Bank of America started coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.71.

Chesapeake Energy Trading Down 2.3 %

Shares of NASDAQ EXE opened at $94.50 on Monday. The firm has a market capitalization of $21.84 billion, a PE ratio of 58.33 and a beta of 0.52. The company has a fifty day moving average of $92.75. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $101.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same quarter last year, the company earned $1.09 EPS. Chesapeake Energy’s revenue for the quarter was down 57.1% compared to the same quarter last year. On average, equities analysts forecast that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, November 14th. Chesapeake Energy’s payout ratio is currently 141.98%.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Chesapeake Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.