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

Chesapeake Energy (NASDAQ:EXE) had its price objective increased by Truist Financial from $109.00 to $133.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Morgan Stanley started coverage on Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective for the company. Stephens raised their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America started coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Citigroup raised their price objective on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.50.

Chesapeake Energy Trading Up 1.1 %

Shares of EXE stock opened at $105.24 on Monday. The stock has a market cap of $24.32 billion, a P/E ratio of 64.96 and a beta of 0.52. The stock’s 50 day simple moving average is $98.23. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $106.27. 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 (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same period in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was down 57.1% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s payout ratio is 141.98%.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm’s 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 sale, the director now owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 58.00% of the stock is currently owned by company 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.