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

Chesapeake Energy Corporation (NASDAQ:EXE) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be given a dividend of 0.575 per share on Thursday, March 27th. This represents a $2.30 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, March 11th.

Chesapeake Energy Stock Down 0.2 %

Shares of NASDAQ:EXE opened at $96.03 on Friday. The business has a 50 day simple moving average of $103.06. Chesapeake Energy has a twelve month low of $81.66 and a twelve month high of $109.47. 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 company has a market cap of $22.35 billion, a PE ratio of 59.28 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They set an “overweight” rating and a $127.00 target price on the stock. Citigroup raised their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Benchmark restated a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Piper Sandler raised their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group raised their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.94.

Insider Activity at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 58.00% of the stock is currently owned by insiders.

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.