Chesapeake Energy (NASDAQ:EXE) Given Equal Weight Rating at Stephens

Stephens reiterated their equal weight rating on shares of Chesapeake Energy (NASDAQ:EXE - Free Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $86.00 target price on the stock.

A number of other brokerages have also commented on EXE. Truist Financial increased their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Scotiabank raised shares of Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $105.00 to $130.00 in a research note on Friday, January 17th. 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 for the company. Mizuho lifted their target price on Chesapeake Energy from $128.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. initiated coverage on Chesapeake Energy in a research note on Thursday, January 16th. They set an "overweight" rating and a $112.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $116.94.

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Chesapeake Energy Stock Performance

Shares of NASDAQ EXE traded down $0.21 during mid-day trading on Tuesday, hitting $96.03. 4,134,344 shares of the stock were exchanged, compared to its average volume of 2,716,425. Chesapeake Energy has a twelve month low of $81.66 and a twelve month high of $109.47. The firm's fifty day moving average price is $103.07. 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 firm has a market cap of $22.35 billion, a P/E ratio of 59.28 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. As a group, equities research analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

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. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.40%. Chesapeake Energy's dividend payout ratio (DPR) is presently -55.83%.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares of the company's stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 58.00% of the company's stock.

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.