Wells Fargo & Company Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price objective increased by research analysts at Wells Fargo & Company from $83.00 to $100.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 0.01% from the company’s current price.

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

Chesapeake Energy Stock Up 0.6 %

NASDAQ EXE traded up $0.58 during trading on Monday, reaching $100.01. 928,549 shares of the company’s stock were exchanged, compared to its average volume of 2,086,749. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. During the same quarter in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was down 57.1% on a year-over-year basis. On average, analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

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.