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

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

Chesapeake Energy Stock Down 4.6 %

Shares of EXE stock traded down $4.68 on Thursday, reaching $97.76. 7,770,622 shares of the stock were exchanged, compared to its average volume of 2,945,655. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47. The stock has a market cap of $22.59 billion, a PE ratio of 60.34 and a beta of 0.52. 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 stock’s 50 day moving average price is $102.74.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) 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 firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. On average, equities research analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EXE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday, January 14th. TD Cowen started coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 target price for the company. Morgan Stanley began coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 target price for the company. The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Chesapeake Energy has a consensus rating of “Moderate Buy” and an average target price of $116.41.

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.