Truist Financial Cuts Chesapeake Energy (NASDAQ:EXE) Price Target to $131.00

Chesapeake Energy (NASDAQ:EXE) had its price target reduced by Truist Financial from $133.00 to $131.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

EXE has been the subject of several other reports. Scotiabank upgraded shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. 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 target price for the company. Stephens reiterated an “equal weight” rating and issued a $86.00 target price on shares of Chesapeake Energy in a report on Tuesday, March 4th. Piper Sandler raised their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. Finally, Mizuho raised their target price on shares of Chesapeake Energy from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Chesapeake Energy Price Performance

Shares of EXE opened at $108.56 on Monday. The stock has a 50 day simple moving average of $103.42. The firm has a market cap of $25.26 billion, a PE ratio of 67.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, equities research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy’s payout ratio is presently -55.83%.

Insider Activity at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The purchase 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.