Chesapeake Energy (NASDAQ:EXE) Given New $100.00 Price Target at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its price target raised by Wells Fargo & Company from $83.00 to $100.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Citigroup raised their price target on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their target price on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. UBS Group upped their price target on shares of Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Mizuho boosted their target price on Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Energy currently has an average rating of “Moderate Buy” and an average target price of $101.71.

Chesapeake Energy Trading Down 0.1 %

Shares of NASDAQ:EXE opened at $98.75 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $22.82 billion, a P/E ratio of 60.96 and a beta of 0.46. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share 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 analysts’ expectations of $708.98 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was down 57.1% compared to the same quarter last year. As a group, research analysts forecast that Chesapeake Energy will post 0.86 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.33%. Chesapeake Energy’s dividend payout ratio (DPR) is 141.98%.

Insider Activity

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale 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.