EXE FY2024 EPS Estimate Boosted by Capital One Financial

Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Investment analysts at Capital One Financial boosted their FY2024 earnings estimates for shares of Chesapeake Energy in a report released on Wednesday, November 6th. Capital One Financial analyst P. Johnston now expects that the company will post earnings of $1.33 per share 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.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its 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. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same period in the prior year, the company posted $1.09 EPS. The company's revenue was down 57.1% compared to the same quarter last year.

Several other research firms have also issued reports on EXE. Roth Capital upgraded shares of Chesapeake Energy to a "strong-buy" rating in a research report on Friday, September 27th. Mizuho raised their target price on Chesapeake Energy from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Bank of America started coverage on Chesapeake Energy in a report on Monday, October 28th. They set a "buy" rating and a $114.00 price target for the company. Stephens raised their price objective 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. Finally, Citigroup lifted their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of "Moderate Buy" and an average target price of $99.20.

Chesapeake Energy Trading Up 0.4 %

Chesapeake Energy stock traded up $0.35 during trading hours on Friday, reaching $92.49. 1,837,713 shares of the stock were exchanged, compared to its average volume of 2,057,885. The company has a market capitalization of $12.14 billion, a price-to-earnings 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 has a twelve month low of $69.12 and a twelve month high of $93.58.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.49%. Chesapeake Energy's payout ratio is presently 141.98%.

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.