Barclays Issues Pessimistic Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price objective reduced by Barclays from $117.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 14th. Mizuho boosted their target price on Chesapeake Energy from $128.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Stephens raised Chesapeake Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $86.00 to $123.00 in a report on Tuesday. Piper Sandler lifted their price objective on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Finally, Benchmark reissued a "buy" rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.12.

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Chesapeake Energy Price Performance

EXE stock traded down $1.90 during mid-day trading on Tuesday, reaching $107.35. The company had a trading volume of 53,145,096 shares, compared to its average volume of 3,219,770. Chesapeake Energy has a 52 week low of $81.66 and a 52 week high of $109.63. The company has a market capitalization of $24.98 billion, a P/E ratio of 66.27 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock's 50 day moving average is $103.65.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, equities analysts predict that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy's dividend payout ratio is currently -55.83%.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 58.00% 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.