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

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 given a dividend of 0.575 per share on Thursday, March 27th. This represents a $2.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, March 11th.

Chesapeake Energy Trading Down 4.6 %

Shares of NASDAQ EXE traded down $4.68 during midday trading on Thursday, reaching $97.76. The company had a trading volume of 7,770,622 shares, compared to its average volume of 2,945,655. The company’s 50-day moving average is $102.74. The company has a market cap of $22.59 billion, a PE ratio of 60.34 and a beta of 0.52. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target on the stock. Mizuho lifted their price target on shares of Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler started coverage on shares of Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price objective for the company. UBS Group boosted their price target 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. Finally, TD Cowen initiated coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They set a “hold” rating and a $108.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.