Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) Price Target at $111.71

Chesapeake Energy Corporation (NASDAQ:EXE) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $111.71.

A number of research analysts recently issued reports on EXE shares. 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 report on Monday, November 25th. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $94.00 to $123.00 in a report on Monday, December 9th. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Citigroup upped their price target on Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Stephens increased their price target on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th.

Chesapeake Energy Stock Down 1.3 %

EXE opened at $96.20 on Friday. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $101.27. The business’s fifty day moving average price is $93.70. The firm has a market capitalization of $22.23 billion, a PE ratio of 59.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly 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. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business’s revenue was down 57.1% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. Sell-side analysts anticipate that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insider Activity

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 approximately $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

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.