JPMorgan Chase & Co. Has Lowered Expectations for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its target price reduced by JPMorgan Chase & Co. from $115.00 to $114.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

EXE has been the topic of several other reports. Citigroup increased their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Piper Sandler increased their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Benchmark restated a “buy” rating and issued a $93.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Finally, Mizuho lifted their price target on Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.06.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $101.18 on Thursday. 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 one year low of $81.66 and a one year high of $109.47. The firm has a 50-day simple moving average of $103.09. The firm has a market cap of $23.54 billion, a price-to-earnings ratio of 62.46 and a beta of 0.53.

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

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.27%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 58.00% of the company’s stock.

About Chesapeake Energy

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.