Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $133.00

Chesapeake Energy (NASDAQ:EXE) had its target price increased by Truist Financial from $109.00 to $133.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada boosted their price objective on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective on the stock. Wells Fargo & Company upped their target price on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Finally, Mizuho upped their target price on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.50.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $105.24 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a 50 day moving average price of $98.23. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 64.96 and a beta of 0.52. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $106.27.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.19%. Chesapeake Energy’s payout ratio is 141.98%.

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now directly owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.00% of the stock is owned by insiders.

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.