Parallel Advisors LLC Buys New Shares in Chesapeake Energy Corporation (NASDAQ:EXE)
Parallel Advisors LLC acquired 2,565 shares of Chesapeake Energy Corporation (NASDAQ:EXE) in Q1, valued at approximately $286,000, as disclosed to the SEC. The company has a market cap of $27.65 billion and reported earnings of $2.02 per share, exceeding estimates. Chesapeake Energy recently announced a quarterly dividend of $0.575 per share. Analysts have upgraded the stock's ratings, with a consensus rating of "Buy" and an average target price of $126.79.
Parallel Advisors LLC purchased a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,565 shares of the company's stock, valued at approximately $286,000.
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Separately, GAMMA Investing LLC purchased a new stake in shares of Chesapeake Energy during the 1st quarter worth about $36,507,000. 97.93% of the stock is owned by institutional investors.
Chesapeake Energy Stock Down 1.7%
Shares of NASDAQ:EXE opened at $116.20 on Thursday. The firm has a market cap of $27.65 billion, a PE ratio of 71.73 and a beta of 0.49. The company has a fifty day simple moving average of $109.06 and a 200 day simple moving average of $104.29. 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 12-month low of $81.66 and a 12-month high of $120.04.
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Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. On average, equities research analysts anticipate that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.
Chesapeake Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy's payout ratio is currently -42.91%.
Wall Street Analysts Forecast Growth
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Several research analysts recently commented on the stock. TD Cowen upgraded shares of Chesapeake Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. KeyCorp raised 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 research note on Monday, April 21st. Stephens decreased their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley increased their price target on Chesapeake Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Piper Sandler boosted their price objective on Chesapeake Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy has a consensus rating of "Buy" and an average target price of $126.79.
Read Our Latest Research Report on EXE
Chesapeake Energy Company Profile
(Free Report)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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