Chesapeake Energy Corporation (NASDAQ:EXE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $120.71.

EXE has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Barclays dropped their price target on Chesapeake Energy from $117.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Citigroup boosted their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. TD Cowen initiated coverage on Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a report on Monday, March 17th.

Insider Activity

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

Chesapeake Energy Stock Up 1.2 %

NASDAQ:EXE opened at $110.94 on Friday. The company has a market cap of $25.82 billion, a P/E ratio of 68.48 and a beta of 0.53. The business’s 50 day moving average price is $104.12. 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 52 week low of $81.66 and a 52 week high of $111.18.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts expect that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 11th. Chesapeake Energy’s payout ratio is -55.83%.

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.