Capital One Financial Predicts EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Equities research analysts at Capital One Financial upped their FY2024 earnings per share (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 earn $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.

Several other research analysts also recently weighed in on the stock. Mizuho lifted their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday. Bank of America started coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Truist Financial raised their target price on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, TD Cowen began coverage on Chesapeake Energy in a research report on Friday. They set a “hold” rating and a $108.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Chesapeake Energy Trading Down 1.3 %

Shares of EXE opened at $106.36 on Friday. 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 has a 1-year low of $69.12 and a 1-year high of $109.47. The stock has a market cap of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52. The business has a 50-day moving average of $98.82.

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

Chesapeake Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 141.98%.

Insider Activity

In other 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 transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.00% of the stock is owned by corporate insiders.

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.