Chesapeake Energy Corporation (NASDAQ:EXE) Receives $115.78 Consensus Target Price from Analysts

Chesapeake Energy Corporation (NASDAQ:EXE) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $115.38.

EXE has been the subject of a number of analyst reports. Truist Financial boosted their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. TD Cowen assumed coverage on shares of Chesapeake Energy in a research report on Friday. They issued a “hold” rating and a $108.00 price objective on the stock. Scotiabank raised shares of 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 report on Friday. Benchmark restated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday. Finally, Morgan Stanley assumed coverage on Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target for the company.

Insider Buying and Selling at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction 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 represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Chesapeake Energy Trading Down 1.3 %

Shares of NASDAQ EXE opened at $106.36 on Tuesday. The company has a fifty day moving average price of $98.82. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. 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 firm has a market capitalization of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s quarterly revenue was down 57.1% on a year-over-year basis. On average, equities analysts predict that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were given a $0.575 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.16%. Chesapeake Energy’s dividend payout ratio (DPR) is 141.98%.

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.