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

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 2.40%. The ex-dividend date of this dividend is Thursday, November 14th.

Chesapeake Energy Trading Up 3.5 %

Shares of EXE opened at $95.74 on Tuesday. 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 capitalization of $22.12 billion, a price-to-earnings ratio of 59.10 and a beta of 0.46. Chesapeake Energy has a one year low of $69.12 and a one year high of $96.62.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. Equities analysts forecast that Chesapeake Energy will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXE shares. Citigroup increased their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America initiated coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company. UBS Group upped their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Stephens raised their target price on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.