Chesapeake Energy (NASDAQ:EXE) Posts Quarterly Earnings Results

Chesapeake Energy (NASDAQ:EXE - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.15, Briefing.com reports. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The business's revenue for the quarter was down 57.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS.

Chesapeake Energy Stock Up 3.5 %

Chesapeake Energy stock traded up $2.97 during mid-day trading on Wednesday, reaching $88.70. 3,837,005 shares of the company were exchanged, compared to its average volume of 2,037,611. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 29.94 and a beta of 0.47. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $93.58.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Roth Capital upgraded Chesapeake Energy to a "strong-buy" rating in a research report on Friday, September 27th. Citigroup upped their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on Chesapeake Energy in a research note on Monday. They set a "buy" rating and a $114.00 price target on the stock. Finally, Stephens raised their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.50.

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.