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

Chesapeake Energy logo with Oils/Energy background

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.575 per share on Wednesday, December 4th. This represents a $2.30 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 14th.

Chesapeake Energy Stock Performance

EXE traded down $3.63 during trading on Thursday, reaching $85.07. The company had a trading volume of 1,738,665 shares, compared to its average volume of 2,036,195. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.16 and a current ratio of 2.16. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $93.58. The firm has a market cap of $11.17 billion, a P/E ratio of 29.00 and a beta of 0.47.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The company had revenue of $378.00 million during the quarter, compared to analyst estimates of $556.35 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. On average, analysts forecast that Chesapeake Energy will post 1.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Bank of America initiated coverage on shares of Chesapeake Energy in a research report on Monday. They issued a "buy" rating and a $114.00 price objective on the stock. Mizuho boosted their price target on Chesapeake Energy from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. Roth Capital raised shares of Chesapeake Energy to a "strong-buy" rating in a research note on Friday, September 27th. Stephens increased their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Citigroup boosted their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.20.

View Our Latest Stock Report on EXE

Chesapeake Energy Company Profile

(Get 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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