Wells Fargo & Company Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $100.00

Chesapeake Energy (NASDAQ:EXE) had its target price raised by Wells Fargo & Company from $83.00 to $100.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently commented on EXE. Royal Bank of Canada lifted their price target on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. UBS Group boosted 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 raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Bank of America assumed coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Finally, Citigroup raised their price target on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average target price of $101.71.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $98.75 on Monday. The company has a market cap of $22.82 billion, a P/E ratio of 60.96 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $101.27. The stock’s fifty day moving average is $90.27.

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

Chesapeake Energy Announces Dividend

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

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 58.00% of the company’s stock.

About Chesapeake Energy

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.