Roth Capital Expects Reduced Earnings for Chesapeake Energy

Chesapeake Energy Corporation (NASDAQ:EXE) – Equities researchers at Roth Capital cut their FY2024 earnings estimates for shares of Chesapeake Energy in a research note issued to investors on Tuesday, October 29th. Roth Capital analyst L. Mariani now anticipates that the company will post earnings per share of $0.83 for the year, down from their prior estimate of $0.97. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.30 per share. Roth Capital also issued estimates for Chesapeake Energy’s Q1 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.27 EPS and FY2025 earnings at $2.53 EPS.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $556.35 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%.

Several other brokerages have also commented on EXE. Bank of America started coverage on shares of Chesapeake Energy in a research report on Monday. They issued a “buy” rating and a $114.00 price objective for the company. Citigroup raised their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Stephens boosted their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, UBS Group upped their target price on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.50.

Chesapeake Energy Trading Up 3.5 %

Chesapeake Energy stock opened at $88.70 on Thursday. Chesapeake Energy has a one year low of $69.12 and a one year high of $93.58. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 29.97 and a beta of 0.47. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s payout ratio is 77.70%.

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.