Chesapeake Energy (NASDAQ:EXE) Reaches New 52-Week High – Here’s What Happened

Chesapeake Energy Corporation (NASDAQ:EXE)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $94.78 and last traded at $94.78, with a volume of 142199 shares changing hands. The stock had previously closed at $92.49.

Wall Street Analyst Weigh In

EXE has been the topic of several recent analyst reports. Stephens raised their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. UBS Group upped their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Mizuho lifted their target price on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Bank of America initiated coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy has an average rating of “Moderate Buy” and a consensus price target of $99.20.

Chesapeake Energy Trading Down 0.2 %

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $22.08 billion, a PE ratio of 59.00 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same quarter last year, the business posted $1.09 EPS. Chesapeake Energy’s quarterly revenue was down 57.1% compared to the same quarter last year. As a group, analysts forecast that Chesapeake Energy Corporation will post 0.86 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.41%. Chesapeake Energy’s dividend payout ratio is presently 141.98%.

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.