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

Chesapeake Energy Corporation (NASDAQ:EXE) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, November 14th will be given a dividend of 0.575 per share on Wednesday, December 4th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, November 14th.

Chesapeake Energy Price Performance

EXE stock opened at $88.61 on Thursday. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $93.58. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.63 billion, a P/E ratio of 29.97 and a beta of 0.47.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $556.35 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. As a group, research analysts forecast that Chesapeake Energy will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Bank of America initiated coverage on shares of Chesapeake Energy in a research report on Monday. They set a “buy” rating and a $114.00 price objective on the stock. Stephens boosted their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup upped their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy has a consensus rating of “Moderate Buy” and an average price target of $96.50.

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.