Chesapeake Energy (NASDAQ:EXE) Price Target Lowered to $118.00 at Stephens

Chesapeake Energy (NASDAQ:EXE) had its price objective lowered by Stephens from $123.00 to $118.00 in a research note published on Tuesday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on EXE. Benchmark raised their target price on shares of Chesapeake Energy from $93.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price target on shares of Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. The Goldman Sachs Group started coverage on Chesapeake Energy in a research note on Friday, January 31st. They set a “buy” rating and a $121.00 price objective on the stock. Barclays raised Chesapeake Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $122.00 in a research report on Tuesday. Finally, Piper Sandler raised their price target on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Buy” and an average target price of $122.94.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $104.23 on Tuesday. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 64.34 and a beta of 0.44. The firm has a fifty day moving average price of $104.28 and a 200 day moving average price of $98.94. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $114.03. 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 data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. As a group, sell-side analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company 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. The ex-dividend date was Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.21%. Chesapeake Energy’s payout ratio is -55.83%.

Insider Buying and Selling

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. The trade was a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Chesapeake Energy

Large investors have recently modified their holdings of the business. Rhumbline Advisers bought a new position in Chesapeake Energy in the first quarter worth approximately $43,592,000. GAMMA Investing LLC bought a new position in shares of Chesapeake Energy in the 1st quarter worth $36,507,000. Mercuria Capital Strategies LLC purchased a new stake in shares of Chesapeake Energy during the 1st quarter worth $35,283,000. SG Americas Securities LLC bought a new stake in Chesapeake Energy during the first quarter valued at about $18,777,000. Finally, Vest Financial LLC purchased a new position in Chesapeake Energy in the first quarter valued at about $11,682,000. Institutional investors own 97.93% 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.