Chesapeake Energy (NASDAQ:EXE) Given New $131.00 Price Target at Truist Financial

Chesapeake Energy (NASDAQ:EXE) had its price objective decreased by Truist Financial from $133.00 to $131.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

EXE has been the subject of several other reports. Morgan Stanley initiated coverage on Chesapeake Energy in a research report on Friday, January 10th. They issued an “overweight” rating and a $127.00 target price for the company. Raymond James initiated coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price for the company. Citigroup raised their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $105.00 to $130.00 in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and an average target price of $116.94.

Chesapeake Energy Stock Up 2.9 %

NASDAQ:EXE opened at $105.57 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $24.57 billion, a price-to-earnings ratio of 65.17 and a beta of 0.53. Chesapeake Energy has a twelve month low of $81.66 and a twelve month high of $109.47. The company has a 50-day simple moving average of $103.22.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.18%. Chesapeake Energy’s dividend payout ratio is currently -55.83%.

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of Chesapeake Energy stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the purchase, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. The trade was a 2.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 58.00% of the stock is currently owned by insiders.

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.