Chesapeake Energy (NASDAQ:EXE) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Chesapeake Energy (NASDAQ:EXE) released its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02, Zacks reports. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion.

Chesapeake Energy Stock Performance

Shares of EXE stock traded down $0.22 during trading hours on Friday, reaching $97.54. The company had a trading volume of 863,994 shares, compared to its average volume of 2,904,657. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $22.54 billion, a P/E ratio of 60.13 and a beta of 0.52. The stock has a fifty day simple moving average of $102.81.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a $0.575 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 dividend on an annualized basis and a yield of 2.36%. Chesapeake Energy’s payout ratio is 141.98%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXE. JPMorgan Chase & Co. assumed coverage on shares of Chesapeake Energy in a report on Thursday, January 16th. They set an “overweight” rating and a $112.00 price objective on the stock. Citigroup lifted their price target on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Raymond James started coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective on the stock. Truist Financial lifted their target price on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Piper Sandler assumed coverage on shares of Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

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.