Chesapeake Energy (NASDAQ:EXE) Given New $112.00 Price Target at Benchmark

by · The Cerbat Gem

Chesapeake Energy (NASDAQ:EXE – Free Report) had its price objective increased by Benchmark from $93.00 to $112.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their price target on Chesapeake Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Truist Financial decreased their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, March 17th. 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 research report on Tuesday. Citigroup lifted their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Piper Sandler increased their target price on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.35.

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Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $110.55 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a market cap of $25.72 billion, a PE ratio of 68.24 and a beta of 0.53. The firm’s 50-day moving average price is $104.57. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $114.03.

Chesapeake Energy (NASDAQ:EXE – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Equities research analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio is presently -55.83%.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $99.50 per share, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 58.00% of the stock is currently owned by corporate insiders.

Chesapeake Energy Company Profile

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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.

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