TD Cowen Initiates Coverage on Chesapeake Energy (NASDAQ:EXE)

TD Cowen initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report sent to investors on Friday, Marketbeat.com reports. The firm issued a hold rating and a $108.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Citigroup lifted their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Finally, Stephens lifted their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.38.

Chesapeake Energy Trading Down 1.3 %

Shares of NASDAQ EXE opened at $106.36 on Friday. The firm’s 50 day simple moving average is $98.82. 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 company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 65.65 and a beta of 0.52. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was down 57.1% compared to the same quarter last year. Sell-side analysts predict that Chesapeake Energy will post 0.89 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, November 14th. Chesapeake Energy’s payout ratio is 141.98%.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

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.