Royal Bank of Canada Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price objective upped by equities researchers at Royal Bank of Canada from $102.00 to $116.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 16.35% from the company’s current price.

Other research analysts also recently issued reports about the company. UBS Group lifted their target price on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America assumed coverage on Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company. Citigroup lifted their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Stephens lifted their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.00.

Chesapeake Energy Trading Down 1.3 %

Shares of EXE traded down $1.27 during midday trading on Friday, hitting $99.70. The company’s stock had a trading volume of 1,171,960 shares, compared to its average volume of 2,082,106. Chesapeake Energy has a one year low of $69.12 and a one year high of $101.27. 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 firm has a market cap of $23.03 billion, a price-to-earnings ratio of 61.47 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.01 by $0.15. The firm 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 2.74% and a net margin of 6.07%. The business’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. Equities analysts anticipate that Chesapeake Energy will post 0.86 EPS 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.