Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Equities researchers at Capital One Financial raised their FY2024 earnings per share (EPS) estimates for Chesapeake Energy in a report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.36 per share for the year, up from their prior forecast 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 - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 net margin of 6.07% and a return on equity of 2.74%. The company's revenue for the quarter was down 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share.
EXE has been the topic of several other reports. Royal Bank of Canada boosted their target price on Chesapeake Energy from $102.00 to $116.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Stephens upped 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. Bank of America initiated coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They set a "buy" rating and a $114.00 price objective for the company. UBS Group upgraded shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $94.00 to $123.00 in a report on Monday, December 9th. Finally, Roth Capital upgraded shares of Chesapeake Energy to a "strong-buy" rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $113.63.
Read Our Latest Report on Chesapeake Energy
Chesapeake Energy Price Performance
NASDAQ EXE traded down $0.77 during trading hours on Friday, hitting $102.15. 2,811,408 shares of the company's stock traded hands, compared to its average volume of 2,841,300. The company has a market cap of $23.61 billion, a P/E ratio of 63.06 and a beta of 0.52. 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 52-week low of $69.12 and a 52-week high of $105.00. The company's 50-day moving average is $97.29.
Insider Activity
In other news, Director Catherine A. Kehr sold 43,623 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 5,201 shares of the company's stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 58.00% of the company's stock.
Chesapeake Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.25%. Chesapeake Energy's dividend payout ratio is currently 141.98%.
About Chesapeake Energy
(
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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.
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