EXE FY2024 EPS Forecast Raised by Capital One Financial

Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Analysts at Capital One Financial upped their FY2024 EPS estimates for Chesapeake Energy in a report issued on Wednesday, January 15th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.49 for the year, up from their prior 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.

EXE has been the subject of several other research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $116.00 price objective on shares of Chesapeake Energy in a report on Tuesday. Truist Financial increased their price target on Chesapeake Energy from $109.00 to $133.00 and gave the company a "buy" rating in a research note on Monday. Mizuho boosted their price target on Chesapeake Energy from $110.00 to $128.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Roth Capital raised shares of Chesapeake Energy to a "strong-buy" rating in a research report on Friday, September 27th. Finally, Citigroup boosted their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $115.38.

Chesapeake Energy Stock Performance

EXE traded down $1.42 during trading on Friday, hitting $106.36. The stock had a trading volume of 3,022,142 shares, compared to its average volume of 3,218,849. The business's 50 day simple moving average is $98.82. 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 has a twelve month low of $69.12 and a twelve month high of $109.47. The stock has a market cap of $24.58 billion, a P/E ratio of 65.65 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) 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 for the quarter, compared to analysts' expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company's revenue was down 57.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the transaction, the director now directly owns 5,201 shares of the company's stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Chesapeake Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, November 14th. Chesapeake Energy's payout ratio is 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.