Chesapeake Energy (NASDAQ:EXE) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Chesapeake Energy (NASDAQ:EXE) posted its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02, Zacks reports. 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 the consensus estimate of $1.82 billion.

Chesapeake Energy Trading Down 3.0 %

Chesapeake Energy stock traded down $3.12 during trading on Thursday, hitting $99.31. 1,090,225 shares of the company were exchanged, compared to its average volume of 2,755,876. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market capitalization of $22.95 billion, a P/E ratio of 61.12 and a beta of 0.52. The firm has a 50 day simple moving average of $102.74. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXE. Piper Sandler began coverage on shares of Chesapeake Energy in a research note on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price objective on the stock. Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $105.00 to $130.00 in a research note on Friday, January 17th. Raymond James initiated coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 target price for the company. Morgan Stanley assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.41.

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.