Chesapeake Energy Corp. (CHK) Plans Quarterly Dividend of $0.09
Chesapeake Energy Corp. (NYSE:CHK) declared a quarterly dividend on Monday, September 23rd, Stock Ratings Network reports. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0875 per share on Thursday, October 31st. This represents a $0.35 dividend on an annualized basis and a yield of 1.33%.
Several analysts have recently commented on the stock. Analysts at Susquehanna downgraded shares of Chesapeake Energy Corp. (NYSE:CHK) from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Oppenheimer raised their price target on shares of Chesapeake Energy Corp. (NYSE:CHK) from $24.00 to $30.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Chesapeake Energy Corp. (NYSE:CHK) in a research note to investors on Friday, August 2nd.
Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the company. Chesapeake Energy Corp. has a consensus rating of “Hold” and an average price target of $23.85.
Shares of Chesapeake Energy Corp. (NYSE:CHK) traded down 0.75% on Monday, hitting $26.38. The stock had a trading volume of 5,937,371 shares. Chesapeake Energy Corp. has a one year low of $16.23 and a one year high of $27.46. The stock has a 50-day moving average of $25.85 and a 200-day moving average of $22.05. The company’s market cap is $17.133 billion.
Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. On average, analysts predict that Chesapeake Energy Corp. will post $1.63 earnings per share for the current fiscal year.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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