Chesapeake Energy (NASDAQ:EXE) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of Chesapeake Energy (NASDAQ:EXE - Free Report) from a neutral rating to an overweight rating in a research note released on Tuesday, MarketBeat Ratings reports. They currently have $136.00 target price on the stock.

A number of other brokerages also recently commented on EXE. TD Cowen raised shares of Chesapeake Energy from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. KeyCorp raised shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price objective for the company in a research note on Monday, April 21st. Morgan Stanley boosted their price objective on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Citigroup boosted their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Finally, Mizuho boosted their price objective on shares of Chesapeake Energy from $132.00 to $136.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $125.33.

Chesapeake Energy Trading Down 0.1%

Shares of NASDAQ EXE traded down $0.07 during trading hours on Tuesday, reaching $114.02. The stock had a trading volume of 1,919,286 shares, compared to its average volume of 3,477,228. 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 $27.13 billion, a price-to-earnings ratio of 70.38 and a beta of 0.46. The business's fifty day moving average price is $106.75 and its two-hundred day moving average price is $102.06. Chesapeake Energy has a 52-week low of $81.66 and a 52-week high of $114.85.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Analysts expect that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, May 15th. Chesapeake Energy's payout ratio is -42.91%.

Insider Activity at Chesapeake Energy

In related news, CEO Domenic J. Dell'osso, Jr. purchased 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, with a total value of $248,750.00. Following the transaction, the chief executive officer now owns 107,845 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Chesapeake Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. acquired a new stake in Chesapeake Energy during the 1st quarter worth about $27,000. Transamerica Financial Advisors LLC acquired a new stake in Chesapeake Energy during the 1st quarter worth about $27,000. First Horizon Advisors Inc. acquired a new stake in Chesapeake Energy during the 1st quarter worth about $28,000. Quarry LP acquired a new stake in Chesapeake Energy during the 1st quarter worth about $28,000. Finally, Cheviot Value Management LLC acquired a new stake in Chesapeake Energy during the 1st quarter worth about $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Company Profile

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.