Insider Buying: Chesapeake Energy Corporation (NASDAQ:EXE) CEO Buys $248,750.00 in Stock

Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chesapeake Energy Stock Performance

EXE opened at $96.03 on Friday. 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 company has a market cap of $22.35 billion, a PE ratio of 59.28 and a beta of 0.53. The company’s 50-day moving average is $103.06. Chesapeake Energy Corporation has a 52-week low of $81.66 and a 52-week high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Research analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stephens reaffirmed an “equal weight” rating and issued a $86.00 target price on shares of Chesapeake Energy in a research report on Tuesday. TD Cowen assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price on the stock. Barclays upped their target price on shares of Chesapeake Energy from $113.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Citigroup upped 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, January 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They issued a “buy” rating and a $121.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.94.

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.