Chesapeake Energy (NASDAQ:EXE) Issues Earnings Results

Chesapeake Energy (NASDAQ:EXE) released its earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15, Briefing.com reports. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The business had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was down 57.1% compared to the same quarter last year.

Chesapeake Energy Stock Performance

EXE stock traded up $2.36 on Wednesday, hitting $88.09. 1,968,936 shares of the company were exchanged, compared to its average volume of 2,028,429. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $93.58. 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 firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 29.79 and a beta of 0.47.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens upped their price objective 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. UBS Group raised their price objective 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. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Bank of America started coverage on Chesapeake Energy in a report on Monday. They issued a “buy” rating and a $114.00 price target for the company. Finally, Citigroup upped their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.25.

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.