Chesapeake Energy Corporation (NASDAQ:EXE) CEO Buys $248,750.00 in Stock

Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE opened at $101.64 on Thursday. 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 stock has a market capitalization of $23.65 billion, a P/E ratio of 62.74 and a beta of 0.53. The firm has a 50-day simple moving average of $103.07. Chesapeake Energy Corporation has a 12-month low of $81.66 and a 12-month high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly 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 business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.26%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target 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. Stephens reiterated an “equal weight” rating and issued a $86.00 target price on shares of Chesapeake Energy in a report on Tuesday. The Goldman Sachs Group initiated 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. Citigroup lifted their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, UBS Group raised their price target on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, eleven 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 stock has an average rating of “Moderate Buy” and a consensus target price of $116.65.

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.