Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $135.00 at KeyCorp

Chesapeake Energy (NASDAQ:EXE - Free Report) had its target price hoisted by KeyCorp from $130.00 to $135.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on EXE. Benchmark upped their price target on shares of Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. UBS Group cut their price target 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. Stephens cut their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Truist Financial cut their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Barclays raised shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $127.05.

Chesapeake Energy Stock Performance

NASDAQ EXE traded up $1.50 during trading on Friday, reaching $116.46. The company's stock had a trading volume of 2,313,726 shares, compared to its average volume of 3,370,338. 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 capitalization of $27.72 billion, a price-to-earnings ratio of 71.89 and a beta of 0.49. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $120.04. The firm has a 50 day moving average price of $109.84 and a 200 day moving average price of $104.97.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, equities analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy's payout ratio is currently -42.91%.

Hedge Funds Weigh In On Chesapeake Energy

Several large investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC bought a new position in shares of Chesapeake Energy during the first quarter valued at $27,000. Harbour Investments Inc. acquired a new stake in Chesapeake Energy in the first quarter worth $27,000. First Horizon Advisors Inc. acquired a new stake in Chesapeake Energy in the first quarter worth $28,000. Quarry LP acquired a new stake in Chesapeake Energy in the first quarter worth $28,000. Finally, Pinney & Scofield Inc. acquired a new stake in Chesapeake Energy in the first quarter worth $29,000. Institutional investors own 97.93% 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.