Chesapeake Energy (NASDAQ:EXE) Shares Up 2.8% – What’s Next?

Chesapeake Energy Corporation (NASDAQ:EXE) shares shot up 2.8% during trading on Tuesday . The stock traded as high as $107.40 and last traded at $108.52. 363,496 shares were traded during trading, a decline of 87% from the average session volume of 2,768,149 shares. The stock had previously closed at $105.57.

Analyst Ratings Changes

Several research firms have commented on EXE. Royal Bank of Canada restated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a report on Tuesday, January 14th. Raymond James assumed coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price target on the stock. Morgan Stanley assumed coverage on Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, Piper Sandler lifted their price target on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Chesapeake Energy Stock Performance

The business has a 50 day simple moving average of $103.22. 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 firm has a market cap of $25.03 billion, a PE ratio of 66.41 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, research analysts predict that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a yield of 2.14%. Chesapeake Energy’s dividend payout ratio is currently -55.83%.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 58.00% of the stock is currently owned by insiders.

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.