Chesapeake Energy Co. (NASDAQ:CHK - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q3 2024 EPS estimates for Chesapeake Energy in a research note issued to investors on Thursday, August 15th. Seaport Res Ptn analyst N. Pope now forecasts that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.42. The consensus estimate for Chesapeake Energy's current full-year earnings is $1.34 per share.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. During the same period in the prior year, the firm earned $0.64 EPS. The business's revenue for the quarter was down 73.3% on a year-over-year basis.
Several other equities analysts have also commented on the stock. Stephens raised their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Benchmark cut their target price on Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. KeyCorp started coverage on Chesapeake Energy in a research note on Thursday, June 27th. They set a "sector weight" rating for the company. Mizuho lifted their price target on Chesapeake Energy from $101.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, May 13th. Finally, StockNews.com upgraded Chesapeake Energy to a "sell" rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $107.58.
View Our Latest Stock Analysis on Chesapeake Energy
Chesapeake Energy Price Performance
NASDAQ:CHK traded up $1.25 during trading hours on Monday, reaching $74.18. 1,367,569 shares of the company were exchanged, compared to its average volume of 1,891,919. The business has a 50 day moving average of $79.80 and a 200 day moving average of $83.82. Chesapeake Energy has a 1-year low of $69.42 and a 1-year high of $93.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.33. The company has a market capitalization of $9.72 billion, a P/E ratio of 10.00 and a beta of 0.47.
Institutional Trading of Chesapeake Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in shares of Chesapeake Energy in the 4th quarter worth approximately $28,000. Lindbrook Capital LLC boosted its position in Chesapeake Energy by 90.8% during the first quarter. Lindbrook Capital LLC now owns 374 shares of the company's stock valued at $33,000 after acquiring an additional 178 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Chesapeake Energy in the 1st quarter worth about $37,000. BOKF NA acquired a new position in shares of Chesapeake Energy in the 1st quarter valued at about $45,000. Finally, GAMMA Investing LLC bought a new stake in shares of Chesapeake Energy during the 4th quarter valued at about $40,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, August 15th. Chesapeake Energy's dividend payout ratio (DPR) is currently 31.00%.
Chesapeake Energy Company Profile
(
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Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.
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