Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $133.00 at Truist Financial

Chesapeake Energy (NASDAQ:EXE) had its target price boosted by Truist Financial from $109.00 to $133.00 in a research report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Stephens raised their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup upped their target price on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Finally, Morgan Stanley assumed coverage on Chesapeake Energy in a research note on Friday. They issued an “overweight” rating and a $127.00 price objective for the company. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average target price of $115.78.

Chesapeake Energy Stock Performance

EXE stock opened at $102.21 on Monday. The firm has a market cap of $23.62 billion, a PE ratio of 63.09 and a beta of 0.52. The stock has a fifty day moving average price of $97.62. 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 has a one year low of $69.12 and a one year high of $105.00.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. Equities analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.25%. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction on 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 transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 58.00% of the company’s stock.

Chesapeake Energy Company Profile

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.