FY2024 EPS Estimates for EXE Raised by Capital One Financial

Chesapeake Energy Corporation (NASDAQ:EXE) – Analysts at Capital One Financial upped their FY2024 EPS estimates for Chesapeake Energy in a research note issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $1.36 per share for the year, up from their previous estimate of $1.33. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.86 per share. Capital One Financial also issued estimates for Chesapeake Energy’s Q4 2024 earnings at $0.63 EPS.

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

Other research analysts have also recently issued reports about the company. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Stephens increased their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.63.

Chesapeake Energy Stock Performance

NASDAQ:EXE opened at $102.15 on Friday. 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 firm’s 50-day moving average is $97.29. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 63.06 and a beta of 0.52. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $105.00.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 141.98%.

Insider Activity

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 58.00% of the company’s stock.

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.