Chesapeake Energy (NASDAQ:EXE) Hits New 52-Week High - Time to Buy?

Shares of Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $94.78 and last traded at $94.78, with a volume of 142199 shares. The stock had previously closed at $92.49.

Analyst Ratings Changes

Several research analysts have commented on EXE shares. Stephens lifted their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Bank of America started coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They set a "buy" rating and a $114.00 price target on the stock. UBS Group lifted 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. Mizuho lifted their target price on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Roth Capital raised shares of Chesapeake Energy to a "strong-buy" rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chesapeake Energy has an average rating of "Moderate Buy" and a consensus price target of $99.20.

Chesapeake Energy Trading Up 3.5 %

The firm has a market cap of $22.12 billion, a P/E ratio of 59.30 and a beta of 0.46. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm 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 business posted $1.09 EPS. The company's quarterly revenue was down 57.1% on a year-over-year basis. On average, sell-side analysts forecast that Chesapeake Energy Corporation will post 0.86 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy's payout ratio is 141.98%.

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.