Chesapeake Energy Corporation (NASDAQ:EXE) Receives $115.78 Consensus Target Price from Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $115.38.

EXE has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Stephens boosted their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Truist Financial boosted their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Benchmark reiterated a “buy” rating and issued a $93.00 target price on shares of Chesapeake Energy in a report on Wednesday, January 15th.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE opened at $106.36 on Tuesday. The company has a 50 day simple moving average of $99.03. The firm has a market cap of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Chesapeake Energy’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. Analysts predict that Chesapeake Energy will post 0.89 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders 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 dividend yield of 2.16%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

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.