Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) PT at $115.78

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $115.78.

A number of equities analysts recently commented on EXE shares. Roth Capital upgraded Chesapeake Energy to a "strong-buy" rating in a report on Friday, September 27th. Morgan Stanley began coverage on Chesapeake Energy in a report on Friday. They set an "overweight" rating and a $127.00 target price on the stock. Truist Financial boosted their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a "buy" rating in a report on Monday. Citigroup raised their target price on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock traded up $0.68 on Tuesday, hitting $102.89. The company had a trading volume of 1,668,178 shares, compared to its average volume of 2,723,703. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 63.51 and a beta of 0.52. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $105.00. The company has a 50-day simple moving average of $97.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same period last year, the company earned $1.09 earnings per share. The firm's revenue was down 57.1% compared to the same quarter last year. Equities analysts predict that Chesapeake Energy will post 0.86 EPS for the current year.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.24%. Chesapeake Energy's dividend payout ratio (DPR) is currently 141.98%.

Insider Buying and Selling at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the firm's 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 transaction, the director now directly owns 5,201 shares of the company's stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.