Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) has been assigned an average rating of "Buy" from the twenty research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, sixteen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $126.63.
EXE has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Benchmark upped their target price on Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. KeyCorp upgraded Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 target price on the stock in a research note on Monday, April 21st. Stephens lowered their target price on Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler upgraded Chesapeake Energy from a "neutral" rating to an "overweight" rating and set a $136.00 target price on the stock in a research note on Tuesday, May 13th.
Check Out Our Latest Research Report on EXE
Chesapeake Energy Stock Performance
Shares of EXE stock traded up $1.57 during mid-day trading on Monday, reaching $115.96. The stock had a trading volume of 1,820,470 shares, compared to its average volume of 3,449,320. The business's fifty day moving average is $107.88 and its 200-day moving average is $103.13. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 71.58 and a beta of 0.46. Chesapeake Energy has a 1-year low of $81.66 and a 1-year high of $116.46.
Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, research analysts forecast that Chesapeake Energy will post 1.33 earnings per share for the current year.
Chesapeake Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.98%. Chesapeake Energy's dividend payout ratio (DPR) is presently -42.91%.
Insider Activity
In related news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company's stock.
Institutional Investors Weigh In On Chesapeake Energy
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mattson Financial Services LLC acquired a new stake in Chesapeake Energy during the first quarter worth $217,000. Geneos Wealth Management Inc. acquired a new stake in Chesapeake Energy during the first quarter worth $79,000. IFM Investors Pty Ltd increased its stake in Chesapeake Energy by 3.4% during the first quarter. IFM Investors Pty Ltd now owns 28,770 shares of the company's stock worth $3,203,000 after acquiring an additional 948 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Chesapeake Energy during the first quarter worth $269,000. Finally, Focus Partners Wealth acquired a new stake in Chesapeake Energy during the first quarter worth $205,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Chesapeake Energy Company Profile
(
Get Free ReportExpand 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.
See Also
Before you consider Chesapeake Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chesapeake Energy wasn't on the list.
While Chesapeake Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
