FY2024 EPS Forecast for Chesapeake Energy Raised by Analyst

Chesapeake Energy Corporation (NASDAQ:EXE) – Roth Capital lifted their FY2024 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $1.34 for the year, up from their previous forecast of $0.83. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.72 per share. Roth Capital also issued estimates for Chesapeake Energy’s Q4 2024 earnings at $0.62 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $1.49 EPS and FY2025 earnings at $3.29 EPS.

Several other equities research analysts also recently commented on the stock. Mizuho upped their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Stephens increased their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Bank of America started coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Citigroup lifted their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.20.

Chesapeake Energy Trading Down 1.3 %

Shares of EXE opened at $83.66 on Monday. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 51.64 and a beta of 0.46. The company has a quick ratio of 2.16, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a one year low of $69.12 and a one year high of $93.58.

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

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.75%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 141.98%.

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.