Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) Price Target at $102.00

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $101.71.

Several analysts have recently issued reports on the company. 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 on the stock. Mizuho upped their target price on Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. UBS Group upped their target price on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their target price on Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $98.75 on Monday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $101.27. The company has a market capitalization of $22.82 billion, a P/E ratio of 60.96 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company 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%. Chesapeake Energy’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 earnings per share. As a group, sell-side analysts forecast that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

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.