Equities Analysts Set Expectations for EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Analysts at Capital One Financial lifted their FY2024 earnings per share estimates for Chesapeake Energy in a report released on Wednesday, November 6th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.33 for the year, up from their prior estimate of $0.67. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.75 per share. Capital One Financial also issued estimates for Chesapeake Energy’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $2.82 EPS and FY2026 earnings at $4.67 EPS.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was down 57.1% compared to the same quarter last year.

A number of other research firms have also commented on EXE. Mizuho raised their price objective on Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Citigroup raised their price target on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Bank of America began 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 for the company. Stephens increased their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their target price 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. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

Chesapeake Energy Trading Up 0.4 %

NASDAQ EXE opened at $92.49 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. The company has a market capitalization of $21.37 billion, a PE ratio of 57.09 and a beta of 0.46. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $93.58.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) 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.