FY2024 EPS Estimates for EXE Lifted by Capital One Financial

Chesapeake Energy Corporation (NASDAQ:EXE) – Analysts at Capital One Financial raised their FY2024 EPS estimates for Chesapeake Energy in a note issued to investors on Wednesday, January 15th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $1.49 per share for the year, up from their previous estimate of $1.36. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.89 per share. Capital One Financial also issued estimates for Chesapeake Energy’s Q4 2024 earnings at $0.77 EPS, Q1 2025 earnings at $1.31 EPS and Q4 2025 earnings at $1.58 EPS.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s revenue was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS.

A number of other equities analysts have also issued reports on the stock. UBS Group raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $94.00 to $123.00 in a research report on Monday, December 9th. Truist Financial raised their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Citigroup boosted their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy currently has an average rating of “Moderate Buy” and an average price target of $114.73.

Chesapeake Energy Stock Up 2.4 %

Chesapeake Energy stock opened at $107.78 on Friday. The business’s 50-day moving average price is $98.54. The firm has a market capitalization of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $108.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.13%. Chesapeake Energy’s payout ratio is 141.98%.

Insiders Place Their Bets

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Chesapeake Energy Company Profile

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.