Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $103.00

Chesapeake Energy (NASDAQ:EXE) had its price target boosted by Piper Sandler from $101.00 to $103.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

EXE has been the topic of a number of other reports. Stephens decreased their price target on Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Mizuho increased their price objective on shares of Chesapeake Energy from $132.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Truist Financial lowered their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, TD Cowen raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Two 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 company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $123.22.

Chesapeake Energy Stock Down 0.6 %

NASDAQ EXE opened at $104.40 on Tuesday. The stock’s 50-day moving average price is $104.26 and its 200-day moving average price is $99.50. The company has a market capitalization of $24.29 billion, a P/E ratio of 64.44 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 has a 52 week low of $81.66 and a 52 week high of $114.03.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2 billion for 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%. On average, equities research analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio is currently -55.83%.

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred 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 acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 58.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXE. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Chesapeake Energy during the 1st quarter worth approximately $127,038,000. Canoe Financial LP bought a new stake in shares of Chesapeake Energy during the first quarter worth $79,015,000. Rhumbline Advisers purchased a new stake in shares of Chesapeake Energy during the first quarter valued at $43,592,000. Schwartz Investment Counsel Inc. bought a new position in shares of Chesapeake Energy in the first quarter worth about $41,235,000. Finally, GAMMA Investing LLC purchased a new position in Chesapeake Energy in the 1st quarter worth about $36,507,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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.