FY2024 EPS Estimate for Chesapeake Energy Boosted by Analyst

Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Roth Capital increased their FY2024 earnings per share estimates for Chesapeake Energy in a research note issued on Wednesday, October 30th. Roth Capital analyst L. Mariani now expects that the company will post earnings of $1.34 per share for the year, up from their prior estimate of $0.83. Roth Capital currently has a "Strong-Buy" rating on the stock. The consensus estimate for Chesapeake Energy's current full-year earnings is $0.72 per share. Roth Capital also issued estimates for Chesapeake Energy's Q4 2024 earnings at $0.62 EPS, Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $1.49 EPS and FY2025 earnings at $3.29 EPS.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly 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 business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. Chesapeake Energy's revenue for the quarter was down 57.1% compared to the same quarter last year.

Several other equities research analysts have also recently commented on EXE. Stephens boosted their price target 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. UBS Group raised their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Mizuho raised their price objective on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup raised their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, 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 on the stock. Two equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $99.20.

Chesapeake Energy Stock Performance

NASDAQ EXE traded up $2.18 on Monday, reaching $85.84. The stock had a trading volume of 2,180,138 shares, compared to its average volume of 2,043,636. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.16. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58. The company has a market capitalization of $11.27 billion, a P/E ratio of 52.44 and a beta of 0.46.

Chesapeake Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy's dividend payout ratio (DPR) is currently 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.