Chesapeake Energy Corporation (NASDAQ:EXE) CEO Purchases $248,750.00 in Stock

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Chesapeake Energy Stock Down 0.2 %

Shares of NASDAQ EXE traded down $0.21 on Friday, reaching $96.03. 4,134,344 shares of the company's stock traded hands, compared to its average volume of 2,716,210. Chesapeake Energy Corporation has a 12 month low of $81.66 and a 12 month high of $109.47. The company has a 50 day moving average of $103.06. The stock has a market cap of $22.35 billion, a P/E ratio of 59.28 and a beta of 0.53. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

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Chesapeake Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EXE shares. Mizuho increased their target price on shares of Chesapeake Energy from $128.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. TD Cowen started coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They set a "hold" rating and a $108.00 target price for the company. Piper Sandler increased their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a "neutral" rating in a report on Thursday. UBS Group increased their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group started coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They set a "buy" rating and a $121.00 target price for the company. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.94.

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.