Roth Capital Cuts Earnings Estimates for Chesapeake Energy

Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Investment analysts at Roth Capital lowered their FY2024 earnings per share estimates for shares of Chesapeake Energy in a research report issued to clients and investors on Tuesday, October 29th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $0.83 for the year, down from their prior forecast of $0.97. Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Chesapeake Energy's current full-year earnings is $1.30 per share. Roth Capital also issued estimates for Chesapeake Energy's Q1 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.27 EPS and FY2025 earnings at $2.53 EPS.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $378.00 million for the quarter, compared to analysts' expectations of $556.35 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%.

EXE has been the subject of a number of other reports. Mizuho increased their price objective on Chesapeake Energy from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. Stephens increased their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday. UBS Group increased their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Bank of America began coverage on Chesapeake Energy in a research report on Monday. They set a "buy" rating and a $114.00 price objective for the company. Finally, Citigroup increased their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chesapeake Energy presently has an average rating of "Moderate Buy" and a consensus price target of $99.20.

Chesapeake Energy Trading Down 4.5 %

NASDAQ:EXE traded down $3.98 during mid-day trading on Thursday, reaching $84.72. 2,600,855 shares of the stock were exchanged, compared to its average volume of 2,040,281. The company has a market capitalization of $11.12 billion, a PE ratio of 29.00 and a beta of 0.47. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58.

Chesapeake Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 annualized dividend and a dividend yield of 2.71%. Chesapeake Energy's dividend payout ratio is currently 77.70%.

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.