Chesapeake Energy (NASDAQ:EXE) Now Covered by TD Cowen

TD Cowen assumed coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report report published on Friday, MarketBeat.com reports. The firm issued a hold rating and a $108.00 price target on the stock.

EXE has been the subject of several other reports. Morgan Stanley began coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective for the company. Citigroup raised their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America began coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company raised their target price on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Chesapeake Energy Stock Performance

EXE stock opened at $106.36 on Friday. 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 company has a market capitalization of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The company has a fifty day moving average of $98.82.

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

Chesapeake Energy Announces Dividend

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

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 58.00% of the company’s stock.

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.