FY2024 EPS Estimates for EXE Lifted by Capital One Financial

Chesapeake Energy Corporation (NASDAQ:EXE) – Capital One Financial lifted their FY2024 earnings per share estimates for shares of Chesapeake Energy in a report issued on Wednesday, November 6th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.33 for the year, up from their previous forecast of $0.67. 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 $0.60 EPS, Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $2.82 EPS and FY2026 earnings at $4.67 EPS.

Other research analysts have also recently issued reports about the stock. UBS Group increased their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Citigroup increased their target price on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. 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 target on the stock. Finally, Stephens lifted their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

Chesapeake Energy Stock Performance

EXE opened at $92.14 on Friday. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $93.58. The firm has a market cap of $12.10 billion, a PE ratio of 56.88 and a beta of 0.46. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping 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 business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. During the same quarter in the previous year, the company earned $1.09 earnings per share. The company’s quarterly revenue was down 57.1% on a year-over-year basis.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.50%. Chesapeake Energy’s payout ratio is presently 141.98%.

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.