Chesapeake Energy (NASDAQ:EXE) Reaches New 1-Year High – Here’s What Happened

Chesapeake Energy Corporation (NASDAQ:EXE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $110.10 and last traded at $109.81, with a volume of 4518383 shares trading hands. The stock had previously closed at $109.10.

Analyst Upgrades and Downgrades

EXE has been the topic of several research reports. UBS Group lifted their price objective on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley lifted their price target on Chesapeake Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup upped their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Piper Sandler lifted their target price on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group started coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.71.

Chesapeake Energy Stock Down 0.3 %

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 has a 50 day simple moving average of $104.03. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 67.68 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, analysts expect that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio is presently -55.83%.

Insider Buying and Selling at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of Chesapeake Energy stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the purchase, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.