Chesapeake Energy (NASDAQ:EXE) Given New $136.00 Price Target at Mizuho

Chesapeake Energy (NASDAQ:EXE) had its price objective upped by Mizuho from $132.00 to $136.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on EXE. Raymond James began coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective on the stock. TD Cowen initiated coverage on Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Truist Financial decreased their price objective on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.94.

Chesapeake Energy Stock Up 1.3 %

Shares of Chesapeake Energy stock opened at $112.74 on Tuesday. The stock has a market cap of $26.23 billion, a price-to-earnings ratio of 69.59 and a beta of 0.53. The company has a 50-day simple moving average of $104.34. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a twelve month low of $81.66 and a twelve month high of $112.82.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data 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 analysts’ expectations of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, sell-side analysts expect that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a $0.575 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.04%. Chesapeake Energy’s payout ratio is -55.83%.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 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.