Chesapeake Energy (NASDAQ:EXE) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $112.00 target price on the stock.

A number of other brokerages also recently commented on EXE. Wells Fargo & Company increased their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Truist Financial increased their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday. Stephens increased their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Mizuho upped their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.73.

Chesapeake Energy Stock Up 2.4 %

Shares of EXE opened at $107.78 on Thursday. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $108.83. The business’s 50 day simple moving average is $98.54. The stock has a market cap of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52. 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 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was down 57.1% compared to the same quarter last year. Research analysts forecast that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Announces Dividend

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

Insider Buying and Selling

In related news, Director Catherine A. Kehr sold 43,623 shares of the 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 sale, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

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.