Research Analysts Offer Predictions for EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Investment analysts at Roth Capital boosted their FY2024 earnings estimates for shares of Chesapeake Energy in a research report issued to clients and investors 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) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping 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 company had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was down 57.1% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Stephens increased their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Mizuho increased their target price on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. UBS Group raised their price target 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. Bank of America assumed coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, Citigroup lifted their target price on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Energy currently has an average rating of “Moderate Buy” and a consensus price target of $99.20.

Chesapeake Energy Price Performance

EXE opened at $85.84 on Monday. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $93.58. The stock has a market cap of $11.27 billion, a P/E ratio of 52.99 and a beta of 0.46. The company has a current ratio of 2.00, a quick ratio of 2.16 and a debt-to-equity ratio of 0.20.

Chesapeake Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.68%. 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.