Equities research analysts at Bank of America started coverage on shares of Chesapeake Energy (NASDAQ:EXE - Get Free Report) in a research note issued on Monday, StockNewsAPI reports. The firm set a "buy" rating and a $114.00 price target on the stock. Bank of America's target price would suggest a potential upside of 33.71% from the stock's current price.
A number of other research firms also recently issued reports on EXE. UBS Group increased 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. Citigroup increased their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Stephens increased their price target on shares of Chesapeake Energy from $84.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Finally, Roth Capital raised shares of Chesapeake Energy to a "strong-buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chesapeake Energy presently has an average rating of "Moderate Buy" and a consensus target price of $96.25.
Check Out Our Latest Report on EXE
Chesapeake Energy Stock Performance
Chesapeake Energy stock traded up $0.47 during mid-day trading on Monday, hitting $85.26. The company's stock had a trading volume of 1,596,913 shares, compared to its average volume of 2,029,067. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.19 billion, a PE ratio of -145.69 and a beta of 0.47. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $93.58.
Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $378.00 million during the quarter, compared to the consensus estimate of $556.35 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. Research analysts expect that Chesapeake Energy will post 1.3 EPS for the current year.
About Chesapeake Energy
(
Get Free Report)
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.
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