Chesapeake Energy (NASDAQ:EXE) Given New $103.00 Price Target at Piper Sandler

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price target raised by Piper Sandler from $101.00 to $103.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

EXE has been the topic of a number of other research reports. KeyCorp upgraded Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price target on the stock in a report on Monday, April 21st. Mizuho upped their target price on Chesapeake Energy from $132.00 to $136.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Truist Financial dropped their price target on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Scotiabank upgraded shares of Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $105.00 to $130.00 in a research report on Friday, January 17th. Finally, UBS Group dropped 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. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chesapeake Energy has a consensus rating of "Buy" and a consensus target price of $123.22.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock traded up $0.90 during trading on Tuesday, reaching $105.30. The company's stock had a trading volume of 1,986,284 shares, compared to its average volume of 3,504,878. The business has a 50 day moving average price of $104.23 and a 200-day moving average price of $99.72. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $114.03. The company has a market capitalization of $24.50 billion, a P/E ratio of 65.00 and a beta of 0.44. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.575 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.18%. Chesapeake Energy's dividend payout ratio is presently -55.83%.

Insider Buying and Selling

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 58.00% of the company's stock.

Institutional Investors Weigh In On Chesapeake Energy

Several hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new position in shares of Chesapeake Energy during the first quarter worth $31,000. Peoples Bank KS purchased a new stake in Chesapeake Energy during the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in shares of Chesapeake Energy in the first quarter worth $56,000. Westside Investment Management Inc. acquired a new stake in Chesapeake Energy in the first quarter valued at $56,000. Finally, Piscataqua Savings Bank bought a new position in shares of Chesapeake Energy during the first quarter worth about $58,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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.