Chesapeake Energy (NASDAQ:EXE) Given New $133.00 Price Target at Truist Financial

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price target increased by Truist Financial from $109.00 to $133.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on EXE. Wells Fargo & Company increased their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an "equal weight" rating in a report on Monday, November 25th. UBS Group upgraded Chesapeake Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Stephens boosted their target price on Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on Chesapeake Energy from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised their target price on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chesapeake Energy has a consensus rating of "Moderate Buy" and a consensus target price of $115.78.

Chesapeake Energy Stock Performance

NASDAQ EXE traded down $0.69 during trading hours on Monday, hitting $101.46. The company had a trading volume of 1,360,981 shares, compared to its average volume of 2,610,950. The company's 50 day moving average is $97.29. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $105.00. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 62.63 and a beta of 0.52. 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 results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.15. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business's revenue for the quarter was down 57.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. On average, research analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 14th. Chesapeake Energy's dividend payout ratio is currently 141.98%.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.