Chesapeake Energy (NASDAQ:EXE) Posts Quarterly Earnings Results, Beats Expectations By $0.50 EPS

Chesapeake Energy (NASDAQ:EXE - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.50, Zacks reports. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%.

Chesapeake Energy Price Performance

Shares of EXE stock traded up $0.36 on Tuesday, reaching $107.47. The company's stock had a trading volume of 3,048,324 shares, compared to its average volume of 4,257,476. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $114.03. The stock's 50 day simple moving average is $104.23 and its 200-day simple moving average is $99.95. 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 capitalization of $25.01 billion, a P/E ratio of 66.34 and a beta of 0.44.

Chesapeake Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 11th. Chesapeake Energy's payout ratio is -55.83%.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the company's 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 acquisition, the chief executive officer now directly owns 107,845 shares of the company's stock, valued at $10,730,577.50. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 58.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EXE has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Chesapeake Energy from $107.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. UBS Group decreased their target price on shares of Chesapeake Energy from $131.00 to $129.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Piper Sandler boosted their price objective on shares of Chesapeake Energy from $101.00 to $103.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Finally, Barclays upgraded shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target 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.

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