Chesapeake Energy Co. (NASDAQ:CHK - Free Report) - Analysts at Capital One Financial reduced their Q3 2024 earnings estimates for shares of Chesapeake Energy in a research report issued to clients and investors on Tuesday, September 17th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of ($0.10) per share for the quarter, down from their previous estimate of $0.18. The consensus estimate for Chesapeake Energy's current full-year earnings is $1.32 per share. Capital One Financial also issued estimates for Chesapeake Energy's FY2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $1.91 EPS and FY2026 earnings at $3.97 EPS.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.01 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 firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. During the same quarter last year, the firm earned $0.64 earnings per share. Chesapeake Energy's quarterly revenue was down 73.3% on a year-over-year basis.
CHK has been the topic of a number of other research reports. StockNews.com raised shares of Chesapeake Energy to a "sell" rating in a report on Wednesday, August 14th. Truist Financial decreased their price target on shares of Chesapeake Energy from $112.00 to $108.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. UBS Group dropped their price objective on shares of Chesapeake Energy from $93.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday. KeyCorp assumed coverage on Chesapeake Energy in a research report on Thursday, June 27th. They issued a "sector weight" rating on the stock. Finally, Wolfe Research initiated coverage on Chesapeake Energy in a research report on Thursday, July 18th. They set an "outperform" rating and a $110.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Chesapeake Energy presently has a consensus rating of "Hold" and an average price target of $105.92.
Check Out Our Latest Stock Report on CHK
Chesapeake Energy Price Performance
Shares of CHK stock traded up $1.89 during trading hours on Friday, hitting $78.46. 4,017,850 shares of the company's stock were exchanged, compared to its average volume of 1,901,855. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $93.58. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 10.32 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. The stock's 50-day moving average is $74.85 and its 200-day moving average is $82.79.
Institutional Investors Weigh In On Chesapeake Energy
Several hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Chesapeake Energy during the fourth quarter worth about $28,000. Lindbrook Capital LLC grew its position in shares of Chesapeake Energy by 90.8% in the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company's stock valued at $33,000 after purchasing an additional 178 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Chesapeake Energy during the 1st quarter worth approximately $37,000. BOKF NA acquired a new stake in Chesapeake Energy during the 1st quarter worth approximately $45,000. Finally, GAMMA Investing LLC lifted its stake in Chesapeake Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 569 shares of the company's stock valued at $47,000 after buying an additional 245 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.93%. Chesapeake Energy's dividend payout ratio is 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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