Chesapeake Energy Corporation (NASDAQ:EXE) Receives $116.65 Average Price Target from Analysts

Shares of Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $116.94.

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. The Goldman Sachs Group started coverage on shares of Chesapeake Energy in a research note on Friday, January 31st. They issued a "buy" rating and a $121.00 price target on the stock. Mizuho upped their price target on shares of Chesapeake Energy from $128.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Raymond James started coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a "strong-buy" rating and a $135.00 price target on the stock. Finally, TD Cowen started coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a "hold" rating and a $108.00 price target on the stock.

Insiders Place Their Bets

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 stock was bought at an average price of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 58.00% of the company's stock.

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Chesapeake Energy Trading Down 0.2 %

Shares of Chesapeake Energy stock traded down $0.21 during trading on Wednesday, hitting $96.03. 4,134,344 shares of the stock were exchanged, compared to its average volume of 2,716,210. The firm has a market cap of $22.35 billion, a PE ratio of 59.28 and a beta of 0.53. The stock has a fifty day moving average of $103.06. Chesapeake Energy has a 1-year low of $81.66 and a 1-year high of $109.47. 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 released its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Equities research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.40%. Chesapeake Energy's payout ratio is presently -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.