Benchmark Reiterates “Buy” Rating for Chesapeake Energy (NASDAQ:EXE)

Benchmark reissued their buy rating on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued to investors on Wednesday morning,Benzinga reports. Benchmark currently has a $93.00 target price on the stock.

EXE has been the topic of a number of other reports. Royal Bank of Canada restated an “outperform” rating and issued a $116.00 price objective on shares of Chesapeake Energy in a research note on Tuesday. Truist Financial lifted their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday. Mizuho boosted their price target on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Citigroup boosted their price target on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company boosted their price target on shares of Chesapeake Energy from $83.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and an average target price of $113.36.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $105.24 on Wednesday. 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 firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 64.96 and a beta of 0.52. Chesapeake Energy has a one year low of $69.12 and a one year high of $106.27. The company has a fifty day simple moving average of $98.23.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Chesapeake Energy’s quarterly revenue was down 57.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. Research analysts predict that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insider Buying and Selling

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is 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.