Chesapeake Energy Corporation (NASDAQ:EXE) Declares 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 dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, March 11th.

Chesapeake Energy Stock Up 1.1 %

Chesapeake Energy stock opened at $98.88 on Friday. 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 has a 12-month low of $69.12 and a 12-month high of $109.47. The company has a market capitalization of $22.85 billion, a PE ratio of 61.04 and a beta of 0.52. The firm has a 50-day moving average price of $102.89.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EXE shares. Raymond James assumed coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 target price for the company. Benchmark restated a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Wells Fargo & Company increased their price target on Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Truist Financial increased their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, TD Cowen started coverage on Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price for the company. Five 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 stock. According to MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $116.65.

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.