Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $107.00 at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its target price increased by Wells Fargo & Company from $105.00 to $107.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other analysts have also recently weighed in on EXE. Mizuho raised their target price on shares of Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Citigroup raised their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial lowered their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Monday. UBS Group raised their price target on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Raymond James initiated coverage on Chesapeake Energy in a report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average target price of $119.12.

Chesapeake Energy Stock Up 0.6 %

NASDAQ:EXE opened at $109.25 on Thursday. Chesapeake Energy has a 52 week low of $81.66 and a 52 week high of $109.63. The stock has a fifty day simple moving average of $103.54. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $25.42 billion, a P/E ratio of 67.44 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, analysts expect that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a $0.575 dividend. The ex-dividend date 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 presently -55.83%.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 58.00% of the company’s stock.

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.