Insider Buying: Chesapeake Energy Corporation (NASDAQ:EXE) CEO Buys 2,500 Shares of Stock

Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chesapeake Energy Stock Performance

EXE stock opened at $96.03 on Friday. The firm has a fifty day simple moving average of $103.06. Chesapeake Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $109.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 59.28 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, equities analysts predict that Chesapeake Energy Corporation will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Citigroup increased their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group assumed 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. Truist Financial increased their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Barclays increased their target price on shares of Chesapeake Energy from $113.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chesapeake Energy presently has an average rating of “Moderate Buy” and an average target price of $116.94.

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.