Chesapeake Energy (NASDAQ:EXE) Now Covered by Analysts at Bank of America

by · The Markets Daily

Equities research analysts at Bank of America began coverage on shares of Chesapeake Energy (NASDAQ:EXE – Get Free Report) in a research note issued on Monday, StockNewsAPI reports. The brokerage set a “buy” rating and a $114.00 price target on the stock. Bank of America‘s price objective would indicate a potential upside of 34.45% from the stock’s previous close.

Several other brokerages also recently weighed in on EXE. UBS Group boosted their price target on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Stephens raised their target price on shares of Chesapeake Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Citigroup boosted their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.25.

Get Our Latest Research Report on Chesapeake Energy

Chesapeake Energy Stock Performance

EXE opened at $84.79 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market capitalization of $11.13 billion, a P/E ratio of -146.19 and a beta of 0.47. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $93.58.

Chesapeake Energy (NASDAQ:EXE – Get Free Report) last posted its 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). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business had revenue of $378.00 million for the quarter, compared to analysts’ expectations of $556.35 million. On average, equities 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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