FY2024 EPS Estimate for Chesapeake Energy Lifted by Analyst

Chesapeake Energy Corporation (NASDAQ:EXE) – Equities researchers at Capital One Financial upped their FY2024 EPS estimates for Chesapeake Energy in a report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.36 for the year, up from their prior 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 announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $708.98 million. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was down 57.1% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on EXE. Royal Bank of Canada raised their target price on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Mizuho upped their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Stephens raised their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Finally, Citigroup increased their price objective on Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Energy has an average rating of “Moderate Buy” and an average price target of $111.71.

Chesapeake Energy Price Performance

EXE opened at $102.92 on Friday. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $104.13. The company has a 50-day simple moving average of $96.92. 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 stock has a market cap of $23.78 billion, a PE ratio of 63.53 and a beta of 0.52.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy’s payout ratio is presently 141.98%.

Insider Activity at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction dated 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 transaction, the director now directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.00% of the stock is owned by company 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.