Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr Sells 43,623 Shares

Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Chesapeake Energy Stock Performance

EXE traded down $0.56 on Monday, reaching $98.87. 6,880,955 shares of the company’s stock were exchanged, compared to its average volume of 2,094,924. The firm has a market capitalization of $22.85 billion, a PE ratio of 61.73 and a beta of 0.46. Chesapeake Energy Corporation has a twelve month low of $69.12 and a twelve month high of $101.27. 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 released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was down 57.1% on a year-over-year basis. As a group, sell-side analysts expect that Chesapeake Energy Corporation will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is 141.98%.

Wall Street Analyst Weigh In

EXE has been the subject of several recent research reports. Stephens boosted their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Citigroup raised their target price on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group raised their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America started coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Finally, Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chesapeake Energy has an average rating of “Moderate Buy” and a consensus target price of $101.71.

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.