Chesapeake Energy Corporation (NASDAQ:EXE) Director Sells $4,343,978.34 in Stock

Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Chesapeake Energy Stock Performance

EXE opened at $98.75 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy Corporation has a one year low of $69.12 and a one year high of $101.27. The firm has a market cap of $22.82 billion, a PE ratio of 60.96 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $708.98 million. The company’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. On average, equities research analysts anticipate that Chesapeake Energy Corporation will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXE. Bank of America assumed coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Mizuho upped their price objective on Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.71.

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.