Chesapeake Energy Corporation (NASDAQ:EXE) Receives Average Rating of “Moderate Buy” from Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $101.71.

A number of research firms have weighed in on EXE. Citigroup boosted their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Stephens increased their price target on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. UBS Group raised their price target on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 58.00% of the company’s stock.

Chesapeake Energy Trading Up 0.2 %

Shares of EXE stock opened at $98.96 on Monday. The stock has a market capitalization of $22.87 billion, a PE ratio of 61.09 and a beta of 0.46. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $101.27. The firm’s 50 day moving average is $90.48. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business’s revenue was down 57.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. On average, research analysts predict that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.32%. Chesapeake Energy’s dividend payout ratio (DPR) is 141.98%.

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.