Piper Sandler Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $101.00

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price objective raised by Piper Sandler from $96.00 to $101.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

EXE has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They issued a "buy" rating and a $121.00 price objective on the stock. Barclays lifted their price objective on shares of Chesapeake Energy from $113.00 to $117.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Truist Financial lifted their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Raymond James started coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a "strong-buy" rating and a $135.00 target price on the stock. Finally, UBS Group boosted their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.94.

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Chesapeake Energy Trading Down 0.2 %

Shares of Chesapeake Energy stock traded down $0.21 during trading on Thursday, reaching $96.03. The company's stock had a trading volume of 4,134,344 shares, compared to its average volume of 2,716,210. The stock has a 50-day moving average price of $103.06. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two 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. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 59.28 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.575 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.40%. Chesapeake Energy's dividend payout ratio is presently -55.83%.

Insider Buying and Selling

In other news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the purchase, the chief executive officer now owns 107,845 shares of the company's stock, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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.