Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) PT at $120.71

Chesapeake Energy Corporation (NASDAQ:EXE) has been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $120.94.

EXE has been the topic of a number of recent research reports. UBS Group upped their target price on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of Chesapeake Energy from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Stephens raised shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $86.00 to $123.00 in a report on Tuesday, March 18th. TD Cowen started coverage on Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price target on the stock. Finally, Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $105.00 to $130.00 in a report on Friday, January 17th.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE opened at $112.74 on Friday. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $112.82. The firm has a market capitalization of $26.23 billion, a P/E ratio of 69.59 and a beta of 0.53. 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 business has a 50-day simple moving average of $104.34.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.04%. The ex-dividend date was Tuesday, March 11th. Chesapeake Energy’s payout ratio is presently -55.83%.

Insider Buying and Selling at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the purchase, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.