Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $101.00

Chesapeake Energy (NASDAQ:EXE) had its price target upped by Piper Sandler from $96.00 to $101.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Mizuho boosted their price objective on shares of Chesapeake Energy from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Chesapeake Energy in a research note on Thursday, January 16th. They set an “overweight” rating and a $112.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Benchmark reiterated a “buy” rating and issued a $93.00 target price on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Finally, Morgan Stanley assumed coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.94.

Chesapeake Energy Stock Performance

EXE stock opened at $96.03 on Thursday. The stock has a market cap of $22.35 billion, a P/E ratio of 59.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day moving average price is $103.06. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $109.47.

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

Chesapeake Energy Announces Dividend

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

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 58.00% 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.