Chesapeake Energy (NASDAQ:EXE) Price Target Cut to $115.00 by Analysts at Barclays

Chesapeake Energy (NASDAQ:EXE) had its price target trimmed by Barclays from $117.00 to $115.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

EXE has been the topic of a number of other reports. Truist Financial cut 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. UBS Group increased their price objective on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price objective on shares of Chesapeake Energy in a report on Tuesday, January 14th. Benchmark reissued a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, Raymond James started 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. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.12.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $109.25 on Tuesday. The company’s 50-day simple moving average is $103.54. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $109.63. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 67.44 and a beta of 0.53. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.82 billion. On average, analysts expect that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm 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 of this dividend is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a yield of 2.11%. Chesapeake Energy’s dividend payout ratio is currently -55.83%.

Insiders Place Their Bets

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