Chesapeake Energy Co. (NASDAQ:CHK) Declares $2.34 None Dividend

Chesapeake Energy Co. (NASDAQ:CHKGet Rating) declared a None dividend on Wednesday, May 4th, Zacks reports. Shareholders of record on Thursday, May 19th will be given a dividend of 2.34 per share on Thursday, June 2nd. The ex-dividend date of this dividend is Wednesday, May 18th.

CHK opened at $95.57 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $85.40 and a 200-day moving average of $72.36. Chesapeake Energy has a 52-week low of $46.69 and a 52-week high of $97.61.

Chesapeake Energy (NASDAQ:CHKGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.66. Chesapeake Energy had a return on equity of 160.87% and a net margin of 108.93%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $1.34 billion. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Chesapeake Energy will post 12.99 earnings per share for the current year.

Several analysts recently issued reports on the stock. Wolfe Research upped their price objective on shares of Chesapeake Energy from $104.00 to $111.00 and gave the stock an “outperform” rating in a report on Tuesday, April 5th. JPMorgan Chase & Co. started coverage on Chesapeake Energy in a research note on Friday, February 11th. They issued an “overweight” rating and a $85.00 price objective on the stock. Bank of America began coverage on Chesapeake Energy in a research report on Monday, January 10th. They set a “buy” rating and a $90.00 price objective for the company. MKM Partners raised their target price on Chesapeake Energy from $95.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 26th. Finally, Wells Fargo & Company increased their price objective on Chesapeake Energy from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $89.00.

In other Chesapeake Energy news, major shareholder Holdings L.P. Blackstone III sold 186,085 shares of Chesapeake Energy stock in a transaction on Monday, April 18th. The shares were sold at an average price of $96.25, for a total transaction of $17,910,681.25. Following the sale, the insider now owns 4,156,830 shares in the company, valued at $400,094,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in shares of Chesapeake Energy by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,629 shares of the company’s stock worth $428,000 after purchasing an additional 1,177 shares during the last quarter. Comerica Bank bought a new stake in Chesapeake Energy during the fourth quarter worth about $556,000. Bank of Montreal Can acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth approximately $600,000. LPL Financial LLC bought a new position in shares of Chesapeake Energy in the fourth quarter valued at approximately $759,000. Finally, UBS Group AG boosted its holdings in shares of Chesapeake Energy by 481.0% in the 3rd quarter. UBS Group AG now owns 13,614 shares of the company’s stock worth $838,000 after acquiring an additional 11,271 shares in the last quarter.

Chesapeake Energy Company Profile (Get Rating)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana; and the liquids-rich resource play in the Eagle Ford Shale in South Texas.

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Dividend History for Chesapeake Energy (NASDAQ:CHK)

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