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

Chesapeake Energy Corporation (NASDAQ:EXE) declared 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 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 business has a 50 day moving average of $102.81. The stock has a market cap of $22.59 billion, a P/E ratio of 60.34 and a beta of 0.52. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last posted 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. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. On average, research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

EXE has been the subject of several research reports. Barclays lifted their price target on Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Benchmark reissued a “buy” rating and set a $93.00 price objective on shares of Chesapeake Energy in a report on Wednesday, January 15th. TD Cowen assumed coverage on Chesapeake Energy in a report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price for the company. Finally, The Goldman Sachs Group started coverage on Chesapeake Energy in a report on Friday, January 31st. They set a “buy” rating and a $121.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chesapeake Energy currently has an average rating of “Moderate Buy” and a consensus 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.