Wells Fargo & Company Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $105.00

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price objective hoisted by Wells Fargo & Company from $100.00 to $105.00 in a research note published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Bank of America started coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They set a "buy" rating and a $114.00 price objective for the company. Truist Financial increased their target price on Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday. Benchmark restated a "buy" rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday. Roth Capital upgraded Chesapeake Energy to a "strong-buy" rating in a report on Friday, September 27th. Finally, Morgan Stanley initiated coverage on Chesapeake Energy in a research report on Friday, January 10th. They issued an "overweight" rating and a $127.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $114.73.

Chesapeake Energy Trading Up 2.4 %

Shares of EXE stock traded up $2.54 on Thursday, reaching $107.78. The company had a trading volume of 4,329,648 shares, compared to its average volume of 3,238,534. The firm has a market capitalization of $24.91 billion, a PE ratio of 66.53 and a beta of 0.52. The stock's 50-day simple moving average is $98.54. 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 has a 12 month low of $69.12 and a 12 month high of $108.83.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million for the quarter, compared to analysts' expectations of $708.98 million. During the same quarter in the previous year, the business posted $1.09 EPS. Chesapeake Energy's revenue for the quarter was down 57.1% on a year-over-year basis. Sell-side analysts anticipate that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, November 14th. Chesapeake Energy's payout ratio is presently 141.98%.

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now directly owns 5,201 shares of the company's stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

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.