Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $107.00

Chesapeake Energy (NASDAQ:EXE) had its price objective boosted by Wells Fargo & Company from $105.00 to $107.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

EXE has been the topic of a number of other research reports. Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $105.00 to $130.00 in a research report on Friday, January 17th. Piper Sandler raised their price objective on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Mizuho upped their target price on Chesapeake Energy from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada reissued an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Finally, Morgan Stanley started 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 for the company. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.12.

Chesapeake Energy Trading Down 1.7 %

Shares of NASDAQ EXE opened at $107.35 on Thursday. 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 stock’s 50-day simple moving average is $103.65. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 66.27 and a beta of 0.53. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $109.63.

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

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio (DPR) is currently -55.83%.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.