Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Mizuho Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by investment analysts at Mizuho from $128.00 to $132.00 in a report released on Thursday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 33.50% from the company’s previous close.

Several other equities analysts also recently weighed in on EXE. Truist Financial raised their target price on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $105.00 to $130.00 in a research note on Friday, January 17th. Morgan Stanley began coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They issued an “overweight” rating and a $127.00 target price for the company. Stephens boosted 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 report on Wednesday, October 30th. Finally, Citigroup increased their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.65.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $98.88 on Thursday. The company’s 50 day simple moving average is $102.81. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 61.04 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, sell-side analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current 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.