Chesapeake Energy (NASDAQ:EXE) Given New $115.00 Price Target at Barclays

Chesapeake Energy (NASDAQ:EXE) had its price target decreased by Barclays from $117.00 to $115.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. 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. UBS Group upped their target price on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen initiated coverage on Chesapeake Energy in a research note on Friday, January 17th. They set a “hold” rating and a $108.00 price objective for the company. Stephens upgraded Chesapeake Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $86.00 to $123.00 in a research note on Tuesday. Finally, Benchmark reiterated a “buy” rating and set a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Chesapeake Energy Stock Up 1.4 %

EXE stock opened at $107.00 on Tuesday. Chesapeake Energy has a twelve month low of $81.66 and a twelve month high of $109.47. 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 has a market capitalization of $24.90 billion, a P/E ratio of 66.05 and a beta of 0.53. The business’s 50-day moving average price is $103.31.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business 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%. On average, equities research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio (DPR) is currently -55.83%.

Insiders Place Their Bets

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 58.00% 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.