Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) Target Price at $102.00

Shares of Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $101.71.

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an "equal weight" rating in a research note on Monday. Mizuho increased their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Bank of America assumed coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They issued a "buy" rating and a $114.00 price target on the stock. Citigroup increased their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Roth Capital upgraded shares of Chesapeake Energy to a "strong-buy" rating in a research note on Friday, September 27th.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 5,201 shares of the company's stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company's stock.

Chesapeake Energy Stock Down 0.6 %

Shares of EXE stock traded down $0.56 during trading hours on Monday, reaching $98.87. 7,017,957 shares of the stock were exchanged, compared to its average volume of 2,113,457. 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 has a 12-month low of $69.12 and a 12-month high of $101.27. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 61.73 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping 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 firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business's quarterly revenue was down 57.1% compared to the same quarter last year. On average, equities research analysts anticipate that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.33%. Chesapeake Energy's dividend payout ratio (DPR) is presently 141.98%.

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.