Q4 2024 Earnings Estimate for Chesapeake Energy Co. (NASDAQ:CHK) Issued By Capital One Financial

Chesapeake Energy Co. (NASDAQ:CHK) – Capital One Financial reduced their Q4 2024 earnings per share estimates for Chesapeake Energy in a research note issued on Tuesday, September 17th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.43. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.32 per share.

Other equities research analysts have also recently issued research reports about the company. UBS Group lowered their price target on Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday. Truist Financial decreased their target price on shares of Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. KeyCorp initiated coverage on shares of Chesapeake Energy in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Mizuho decreased their price objective on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a report on Monday. Finally, Wolfe Research began coverage on Chesapeake Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.92.

Chesapeake Energy Stock Performance

Shares of NASDAQ CHK opened at $74.51 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. Chesapeake Energy has a one year low of $69.12 and a one year high of $93.58. The business’s 50-day moving average price is $74.85 and its two-hundred day moving average price is $82.79. The company has a market capitalization of $9.76 billion, a P/E ratio of 10.04 and a beta of 0.46.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The company had revenue of $505.00 million for the quarter, compared to analysts’ expectations of $822.54 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue was down 73.3% on a year-over-year basis.

Institutional Investors Weigh In On Chesapeake Energy

Several hedge funds have recently modified their holdings of CHK. Sanctuary Advisors LLC acquired a new position in shares of Chesapeake Energy during the second quarter valued at about $956,000. Clearbridge Investments LLC increased its stake in Chesapeake Energy by 3.3% during the second quarter. Clearbridge Investments LLC now owns 474,459 shares of the company’s stock valued at $38,996,000 after acquiring an additional 14,951 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Chesapeake Energy by 133.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 84,493 shares of the company’s stock valued at $6,945,000 after acquiring an additional 48,348 shares in the last quarter. Creative Planning lifted its position in shares of Chesapeake Energy by 4.6% in the 2nd quarter. Creative Planning now owns 19,352 shares of the company’s stock worth $1,591,000 after acquiring an additional 857 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Chesapeake Energy by 72.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 141,413 shares of the company’s stock worth $11,623,000 after purchasing an additional 59,400 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

Chesapeake Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.09%. Chesapeake Energy’s dividend payout ratio (DPR) is presently 31.00%.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. 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.