Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) PT at $115.78

Chesapeake Energy Corporation (NASDAQ:EXEGet Free Report) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $114.73.

Several brokerages recently commented on EXE. Stephens boosted their price target on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Benchmark reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday. Citigroup increased their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday.

Read Our Latest Stock Analysis on Chesapeake Energy

Chesapeake Energy Stock Performance

Shares of EXE opened at $107.78 on Tuesday. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $108.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market capitalization of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52. The company’s 50 day moving average is $98.54.

Chesapeake Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $708.98 million. During the same period last year, the company earned $1.09 earnings per share. Chesapeake Energy’s quarterly revenue was down 57.1% compared to the same quarter last year. On average, equities analysts forecast that Chesapeake Energy will post 0.89 earnings per share for the current fiscal 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 paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. Chesapeake Energy’s payout ratio is 141.98%.

Insider Buying and Selling

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now directly owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

About Chesapeake Energy

(Get Free Report

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.

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Analyst Recommendations for Chesapeake Energy (NASDAQ:EXE)

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