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
(
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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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