Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $114.00 at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its price target upped by Wells Fargo & Company from $112.00 to $114.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. Mizuho lifted their target price on Chesapeake Energy from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Piper Sandler lifted their target price on Chesapeake Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Barclays upgraded Chesapeake Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. Stephens decreased their target price on Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group lowered their price target on Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $127.16.

Chesapeake Energy Stock Up 1.8%

EXE opened at $118.61 on Monday. Chesapeake Energy has a one year low of $81.66 and a one year high of $120.04. 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’s fifty day moving average is $110.54 and its 200-day moving average is $105.31. The company has a market capitalization of $28.23 billion, a PE ratio of 73.22 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, equities analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 1.94%. Chesapeake Energy’s payout ratio is -42.91%.

Institutional Trading of Chesapeake Energy

A number of institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. acquired a new stake in shares of Chesapeake Energy in the first quarter worth about $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Chesapeake Energy in the first quarter worth about $27,000. First Horizon Advisors Inc. acquired a new stake in shares of Chesapeake Energy in the first quarter worth about $28,000. Quarry LP acquired a new stake in shares of Chesapeake Energy in the first quarter worth about $28,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Chesapeake Energy in the first quarter worth about $29,000. Institutional investors and hedge funds own 97.93% 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.