Chesapeake Energy (NASDAQ:EXE) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Chesapeake Energy (NASDAQ:EXE - Get Free Report) posted its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02, Zacks reports. 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 analysts' expectations of $1.82 billion.

Chesapeake Energy Stock Performance

Shares of EXE traded up $1.12 on Friday, reaching $98.88. The stock had a trading volume of 4,026,409 shares, compared to its average volume of 2,988,510. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. The firm has a market capitalization of $23.01 billion, a price-to-earnings ratio of 61.04 and a beta of 0.52. The company's 50-day moving average price is $102.89. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a $0.575 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.33%. Chesapeake Energy's dividend payout ratio is -55.83%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of research reports. Benchmark reissued a "buy" rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Mizuho upped their price objective on Chesapeake Energy from $128.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday. Barclays upped their price objective on Chesapeake Energy from $113.00 to $117.00 and gave the stock an "equal weight" rating in a report on Friday. The Goldman Sachs Group initiated coverage on Chesapeake Energy in a report on Friday, January 31st. They issued a "buy" rating and a $121.00 price objective for the company. Finally, Raymond James initiated coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a "strong-buy" rating and a $135.00 price objective for the company. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.65.

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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.