Chesapeake Energy Corporation (NASDAQ:EXE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $115.38.

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, January 13th. TD Cowen began coverage on Chesapeake Energy in a report on Friday. They set a “hold” rating and a $108.00 target price for the company. Citigroup upped their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Mizuho lifted their price objective on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $106.36 on Tuesday. 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 simple moving average is $99.03. The company has a market capitalization of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. The business 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 company’s quarterly revenue was down 57.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Research analysts forecast that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 141.98%.

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on 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 sale, the director now owns 5,201 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% 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.