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

Chesapeake Energy Corporation (NASDAQ:EXE) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.575 per share on Wednesday, December 4th. This represents a $2.30 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, November 14th.

Chesapeake Energy Trading Down 0.2 %

Shares of EXE opened at $95.58 on Wednesday. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $96.62. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a market cap of $22.08 billion, a PE ratio of 59.00 and a beta of 0.46.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on EXE. Stephens upped their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Bank of America assumed coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Finally, Mizuho lifted their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.20.

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.