Barclays Cuts Chesapeake Energy (NASDAQ:EXE) Price Target to $115.00

Chesapeake Energy (NASDAQ:EXE) had its price objective reduced by Barclays from $117.00 to $115.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group started coverage on Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 target price on the stock. Piper Sandler boosted their target price on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. Raymond James started coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 target price on the stock. Stephens raised Chesapeake Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $86.00 to $123.00 in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.12.

Chesapeake Energy Price Performance

NASDAQ:EXE opened at $109.25 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $109.63. The business has a 50 day moving average price of $103.54. The company has a market cap of $25.42 billion, a P/E ratio of 67.44 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion for 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%. As a group, analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced 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 dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio is -55.83%.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the purchase, the chief executive officer now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.