Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $132.00 at Mizuho

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by Mizuho from $128.00 to $132.00 in a research note released on Thursday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on EXE. Truist Financial upped their price target on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a report on Monday, January 13th. UBS Group lifted their price target on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays raised their price objective on shares of Chesapeake Energy from $94.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and issued a $93.00 target price on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Finally, Citigroup raised their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.41.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $97.76 on Thursday. The business’s 50-day simple moving average is $102.74. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The firm has a market cap of $22.59 billion, a PE ratio of 60.34 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.35%. Chesapeake Energy’s payout ratio is 141.98%.

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.