Chesapeake Energy Corporation (NASDAQ:EXE) Receives $126.79 Average Target Price from Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has received a consensus rating of “Buy” from the twenty brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $127.05.

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Mizuho raised their price objective on shares of Chesapeake Energy from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. KeyCorp raised their price objective on shares of Chesapeake Energy from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial reduced their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Sanford C. Bernstein upgraded shares of Chesapeake Energy to a “strong-buy” rating and set a $150.00 price objective on the stock in a report on Thursday, May 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXE. GAMMA Investing LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $36,507,000. Parallel Advisors LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $286,000. Doliver Advisors LP purchased a new position in Chesapeake Energy during the 1st quarter worth $446,000. Peoples Bank KS acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $466,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Price Performance

Chesapeake Energy stock opened at $116.46 on Friday. The firm has a market cap of $27.72 billion, a PE ratio of 71.89 and a beta of 0.49. Chesapeake Energy has a 52-week low of $81.66 and a 52-week high of $120.04. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $110.17 and its two-hundred day moving average is $105.18.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. On average, research analysts expect that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy’s payout ratio is currently -42.91%.

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.