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

Chesapeake Energy Corporation (NASDAQ:EXE) Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now directly owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Chesapeake Energy Price Performance

NASDAQ EXE opened at $98.75 on Thursday. The stock has a market capitalization of $22.82 billion, a P/E ratio of 60.96 and a beta of 0.46. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy Corporation has a 1 year low of $69.12 and a 1 year high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last posted 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 return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was down 57.1% compared to the same quarter last year. As a group, research analysts predict that Chesapeake Energy Corporation will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.33%. Chesapeake Energy’s dividend payout ratio (DPR) is presently 141.98%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday. Mizuho boosted their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Citigroup raised their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Stephens raised their price target on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.71.

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.