Chesapeake Energy Corporation (NASDAQ:EXE) Receives $102.00 Consensus PT from Analysts

Chesapeake Energy Corporation (NASDAQ:EXE) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $101.71.

Several equities analysts have recently issued reports on the stock. Stephens upped their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Royal Bank of Canada upped their target price on Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Citigroup upped their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America initiated coverage on Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock.

Chesapeake Energy Trading Down 0.1 %

Shares of Chesapeake Energy stock opened at $98.75 on Monday. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 60.96 and a beta of 0.46. 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 one year low of $69.12 and a one year high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm’s revenue was down 57.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s payout ratio is presently 141.98%.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction dated 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 sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.