Chesapeake Energy Corporation (NASDAQ:EXE – Free Report) – Equities research analysts at Capital One Financial raised their FY2025 earnings estimates for shares of Chesapeake Energy in a report issued on Friday, May 2nd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $10.26 for the year, up from their prior estimate of $9.97. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.33 per share.
Several other analysts have also recently issued reports on EXE. Piper Sandler increased their price target on shares of Chesapeake Energy from $101.00 to $103.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 22nd. KeyCorp upgraded shares of Chesapeake Energy from a “sector weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a report on Monday, April 21st. UBS Group dropped their price target on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group assumed coverage on Chesapeake Energy in a research note on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has an average rating of “Buy” and a consensus target price of $123.22.
Chesapeake Energy Stock Performance
Shares of Chesapeake Energy stock opened at $108.51 on Monday. The stock has a market capitalization of $25.82 billion, a price-to-earnings ratio of 66.98 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The business has a 50-day moving average of $104.63 and a 200 day moving average of $100.67. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $114.03.
Chesapeake Energy (NASDAQ:EXE – Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%.
Hedge Funds Weigh In On Chesapeake Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new stake in Chesapeake Energy during the 1st quarter worth approximately $1,196,000. Neo Ivy Capital Management purchased a new stake in shares of Chesapeake Energy during the first quarter worth approximately $1,703,000. Cetera Investment Advisers acquired a new stake in shares of Chesapeake Energy during the first quarter worth $2,313,000. Avantax Advisory Services Inc. purchased a new position in Chesapeake Energy in the 1st quarter valued at $917,000. Finally, Montgomery Investment Management Inc. acquired a new position in Chesapeake Energy in the 1st quarter valued at $305,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.
Insider Activity
In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was acquired 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 owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 58.00% of the company’s stock.
Chesapeake Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, May 15th. Chesapeake Energy’s dividend payout ratio is currently -42.91%.
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.
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