Shares of Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) have been given a consensus recommendation of "Buy" by the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $123.22.
Several research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Chesapeake Energy from $131.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a "buy" rating and a $121.00 target price on the stock. Barclays upgraded shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. TD Cowen raised Chesapeake Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. Finally, Scotiabank raised shares of Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $105.00 to $130.00 in a research note on Friday, January 17th.
Get Our Latest Stock Report on EXE
Chesapeake Energy Price Performance
Shares of EXE stock traded up $0.53 during trading hours on Thursday, reaching $107.64. The company had a trading volume of 437,461 shares, compared to its average volume of 4,236,203. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $114.03. The company has a market capitalization of $25.05 billion, a price-to-earnings ratio of 66.44 and a beta of 0.44. The stock has a fifty day moving average of $104.23 and a 200-day moving average of $99.95. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, equities analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current year.
Chesapeake Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Tuesday, March 11th. Chesapeake Energy's dividend payout ratio (DPR) is currently -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 shares were bought at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the transaction, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 58.00% of the stock is owned by corporate insiders.
Institutional Trading of Chesapeake Energy
Several hedge funds have recently added to or reduced their stakes in the business. IFM Investors Pty Ltd boosted its position in Chesapeake Energy by 4.3% during the 1st quarter. IFM Investors Pty Ltd now owns 29,016 shares of the company's stock worth $3,230,000 after acquiring an additional 1,194 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Chesapeake Energy during the first quarter worth about $216,000. GF Fund Management CO. LTD. bought a new stake in shares of Chesapeake Energy during the 1st quarter worth $6,761,000. Goehring & Rozencwajg Associates LLC bought a new stake in shares of Chesapeake Energy during the first quarter worth $12,204,000. Finally, Moody Aldrich Partners LLC acquired a new stake in Chesapeake Energy during the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 97.93% of the company's stock.
About Chesapeake Energy
(
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.
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