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

Chesapeake Energy (NASDAQ:EXE) 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.

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:EXE) 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

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.