Chesapeake Energy (NASDAQ:EXE) Price Target Lowered to $131.00 at Truist Financial

Chesapeake Energy (NASDAQ:EXEFree Report) had its target price cut by Truist Financial from $133.00 to $131.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group started coverage on Chesapeake Energy in a research report on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective for the company. Citigroup boosted their target price on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada restated an “outperform” rating and issued a $116.00 target price on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Finally, Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.94.

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Chesapeake Energy Trading Up 2.9 %

Chesapeake Energy stock opened at $105.57 on Monday. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 65.17 and a beta of 0.53. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $109.47. The stock’s 50-day moving average is $103.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXEGet Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio (DPR) is currently -55.83%.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 58.00% of the stock is currently owned by insiders.

About Chesapeake Energy

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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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Analyst Recommendations for Chesapeake Energy (NASDAQ:EXE)

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