Citigroup Issues Positive Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price objective raised by Citigroup from $115.00 to $125.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday. Morgan Stanley assumed coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Truist Financial increased their price target on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chesapeake Energy has a consensus rating of “Moderate Buy” and a consensus target price of $114.73.

Chesapeake Energy Stock Up 2.4 %

Chesapeake Energy stock opened at $107.78 on Thursday. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $108.83. The company has a market cap of $24.91 billion, a PE ratio of 66.53 and a beta of 0.52. The firm has a 50-day moving average of $98.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. Equities analysts anticipate that Chesapeake Energy will post 0.89 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s payout ratio is 141.98%.

Insider Activity

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate 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.