Chesapeake Energy Corporation (NASDAQ:EXE) Receives Consensus Recommendation of “Buy” from Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has earned a consensus rating of “Buy” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. 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. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $125.33.

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. Truist Financial decreased their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. KeyCorp raised shares of Chesapeake Energy from a “sector weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research report on Monday, April 21st. UBS Group decreased their target price on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, TD Cowen raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE opened at $114.02 on Monday. 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’s 50-day moving average price is $106.75 and its 200-day moving average price is $102.28. The firm has a market capitalization of $27.13 billion, a P/E ratio of 70.38 and a beta of 0.46. Chesapeake Energy has a 1-year low of $81.66 and a 1-year high of $114.90.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The company 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%. Equities research analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, May 15th. Chesapeake Energy’s dividend payout ratio is currently -42.91%.

Insider Activity

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’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 purchase, the chief executive officer now owns 107,845 shares of the company’s stock, valued at $10,730,577.50. This represents a 2.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Institutional Trading of Chesapeake Energy

Institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at approximately $27,000. Harbour Investments Inc. purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at approximately $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at approximately $28,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at approximately $29,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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.