Chesapeake Energy (NASDAQ:EXE) Research Coverage Started at TD Cowen

TD Cowen initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report report published on Friday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $108.00 price target on the stock.

EXE has been the topic of several other reports. Truist Financial increased their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Bank of America began coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Chesapeake Energy in a report on Thursday. They issued an “overweight” rating and a $112.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.38.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $106.36 on Friday. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $98.82. The company has a market cap of $24.58 billion, a P/E ratio of 65.65 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results 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 firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company’s quarterly revenue was down 57.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. On average, sell-side analysts forecast that Chesapeake Energy will post 0.89 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced 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 was Thursday, November 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.16%. Chesapeake Energy’s dividend payout ratio is 141.98%.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% 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.