Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $100.00 at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its price target boosted by investment analysts at Wells Fargo & Company from $83.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.01% from the stock’s previous close.

A number of other research analysts have also recently weighed in on EXE. Citigroup lifted their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Stephens lifted their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group upped their target price on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price target on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a report on Friday. Finally, Mizuho raised their target price on Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.71.

Chesapeake Energy Stock Up 0.6 %

EXE traded up $0.58 during trading on Monday, reaching $100.01. 928,549 shares of the stock were exchanged, compared to its average volume of 2,086,749. 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 company has a market cap of $23.11 billion, a price-to-earnings ratio of 61.73 and a beta of 0.46. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The business had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company’s revenue was down 57.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. Analysts anticipate that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

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.