Capital One Financial Weighs in on Chesapeake Energy Co.’s Q4 2024 Earnings (NASDAQ:CHK)

Chesapeake Energy Co. (NASDAQ:CHK) – Capital One Financial reduced their Q4 2024 earnings per share (EPS) estimates for Chesapeake Energy in a research note issued on Tuesday, September 17th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.43. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.32 per share.

Other equities research analysts have also issued reports about the company. Scotiabank cut their target price on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Mizuho reduced their price target on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday. Wolfe Research began coverage on shares of Chesapeake Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. Truist Financial decreased their target price on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, KeyCorp began coverage on Chesapeake Energy in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $105.92.

Chesapeake Energy Stock Performance

NASDAQ:CHK opened at $76.57 on Thursday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $74.85 and a 200-day moving average of $82.79. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $93.58. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 10.32 and a beta of 0.46.

Chesapeake Energy (NASDAQ:CHK) last issued 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 $505.00 million for the quarter, compared to the consensus estimate of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business’s revenue for the quarter was down 73.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share.

Chesapeake Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 31.00%.

Hedge Funds Weigh In On Chesapeake Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aurora Investment Counsel boosted its stake in Chesapeake Energy by 1.1% during the first quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock worth $1,060,000 after buying an additional 135 shares in the last quarter. Lindbrook Capital LLC increased its stake in Chesapeake Energy by 90.8% in the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after acquiring an additional 178 shares during the period. Clear Harbor Asset Management LLC raised its position in Chesapeake Energy by 1.3% in the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock worth $1,142,000 after purchasing an additional 180 shares in the last quarter. Toronto Dominion Bank lifted its stake in Chesapeake Energy by 1.9% during the second quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock worth $839,000 after purchasing an additional 186 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its holdings in Chesapeake Energy by 32.4% during the first quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock valued at $80,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

About Chesapeake Energy

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.