Capital One Financial Forecasts EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Stock analysts at Capital One Financial boosted their FY2024 earnings per share estimates for shares of Chesapeake Energy in a research note issued to investors on Wednesday, January 15th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.49 for the year, up from their prior forecast of $1.36. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.89 per share. Capital One Financial also issued estimates for Chesapeake Energy’s Q4 2024 earnings at $0.77 EPS, Q1 2025 earnings at $1.31 EPS and Q4 2025 earnings at $1.58 EPS.

A number of other research firms have also issued reports on EXE. Mizuho boosted their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective on the stock. Citigroup raised their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Chesapeake Energy in a research report on Thursday. They issued an “overweight” rating and a $112.00 target price for the company. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $106.36 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a one year low of $69.12 and a one year high of $109.47. The firm has a 50-day simple moving average of $98.82. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 65.65 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data 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. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm’s revenue for the quarter was down 57.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS.

Insiders Place Their Bets

In related news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were given a $0.575 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.16%. Chesapeake Energy’s payout ratio is 141.98%.

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.