Chesapeake Energy (NASDAQ:EXE) Price Target Lowered to $114.00 at JPMorgan Chase & Co.

Chesapeake Energy (NASDAQ:EXE) had its price objective lowered by JPMorgan Chase & Co. from $115.00 to $114.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

EXE has been the topic of a number of other reports. TD Cowen initiated coverage on Chesapeake Energy in a report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price on the stock. Stephens reaffirmed an “equal weight” rating and issued a $86.00 target price on shares of Chesapeake Energy in a report on Tuesday, March 4th. UBS Group raised their target price on Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their price target on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chesapeake Energy has a consensus rating of “Moderate Buy” and an average price target of $117.06.

Chesapeake Energy Price Performance

EXE stock opened at $102.60 on Thursday. The stock has a market cap of $23.88 billion, a P/E ratio of 63.33 and a beta of 0.53. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $103.14.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.24%. Chesapeake Energy’s dividend payout ratio (DPR) is -55.83%.

Insider Transactions at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares of the company’s stock, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 58.00% of the company’s stock.

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.