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

Chesapeake Energy Corporation (NASDAQ:EXE) declared a quarterly dividend on Wednesday, April 30th, Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.575 per share on Wednesday, June 4th. This represents a $2.30 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, May 15th.

Chesapeake Energy Stock Down 0.5 %

EXE stock opened at $103.43 on Friday. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $114.03. The stock has a market capitalization of $24.07 billion, a price-to-earnings ratio of 63.85 and a beta of 0.44. The business’s fifty day moving average price is $104.24 and its two-hundred day moving average price is $100.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXE. Citigroup lifted their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Stephens cut their price objective on shares of Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on shares of Chesapeake Energy from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. Raymond James started coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price target on the stock. Finally, TD Cowen upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Buy” and an average target price of $123.22.

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.