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

Chesapeake Energy Corporation (NASDAQ:EXE) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, March 11th.

Chesapeake Energy Stock Down 4.6 %

EXE stock opened at $97.76 on Friday. The firm has a market capitalization of $22.59 billion, a P/E ratio of 60.34 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $102.81. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. Equities analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen initiated coverage on Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price target on the stock. Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $116.41.

Chesapeake Energy Company Profile

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.