Morgan Stanley Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price target upped by Morgan Stanley from $137.00 to $154.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also weighed in on EXE. Wells Fargo & Company increased their target price on Chesapeake Energy from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $105.00 to $130.00 in a research note on Friday, January 17th. Truist Financial lowered their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their target price on shares of Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Citigroup boosted their price target on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.71.

Chesapeake Energy Trading Down 0.3 %

Chesapeake Energy stock opened at $109.64 on Thursday. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $111.17. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $104.03. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 67.68 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a $0.575 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.10%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost 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 in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.