Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr Sells 43,623 Shares of Stock

Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Chesapeake Energy Price Performance

Shares of EXE stock opened at $98.87 on Tuesday. The stock has a market capitalization of $22.85 billion, a P/E ratio of 61.03 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. Chesapeake Energy Corporation has a twelve month low of $69.12 and a twelve month high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data 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. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities analysts predict that Chesapeake Energy Corporation will post 0.86 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho boosted their price target on Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. Royal Bank of Canada lifted their price target on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup increased their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group lifted their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and an average price target of $101.71.

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.