Chesapeake Energy Corporation (NASDAQ:EXE) Announces $0.58 Quarterly Dividend

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be paid a dividend of 0.575 per share on Thursday, March 27th. This represents a $2.30 annualized dividend and a yield of 2.34%. The ex-dividend date is Tuesday, March 11th.

Chesapeake Energy Stock Performance

Shares of EXE stock traded down $0.53 during trading hours on Monday, reaching $98.35. The company had a trading volume of 4,181,498 shares, compared to its average volume of 3,018,335. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The stock has a market capitalization of $22.89 billion, a P/E ratio of 60.71 and a beta of 0.52. The company's fifty day simple moving average is $102.89.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. As a group, equities analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current year.

Remove Ads

Analysts Set New Price Targets

EXE has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Chesapeake Energy in a research note on Friday, January 31st. They issued a "buy" rating and a $121.00 target price for the company. Scotiabank upgraded Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Benchmark reissued a "buy" rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Barclays increased their price target on Chesapeake Energy from $113.00 to $117.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Citigroup increased their price target on Chesapeake Energy from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.65.

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.