Chesapeake Energy (NASDAQ:EXE) Shares Up 2.8% – What’s Next?

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) traded up 2.8% during mid-day trading on Tuesday . The stock traded as high as $107.40 and last traded at $108.52. 363,496 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,768,149 shares. The stock had previously closed at $105.57.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group assumed coverage on Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 price target for the company. Piper Sandler upped their price target on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. Benchmark reaffirmed a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, Truist Financial reduced their price target on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Chesapeake Energy Stock Performance

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 has a 50 day moving average of $103.22. The stock has a market cap of $25.03 billion, a P/E ratio of 66.41 and a beta of 0.53.

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

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a $0.575 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.14%. Chesapeake Energy’s dividend payout ratio is presently -55.83%.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 58.00% of the company’s stock.

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.