Capital One Financial Estimates EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Equities research analysts at Capital One Financial upped their FY2024 earnings per share (EPS) estimates for Chesapeake Energy in a note issued to investors 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 previous forecast of $0.67. The consensus estimate for Chesapeake Energy’s current full-year earnings is $0.86 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 issued 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 analysts’ expectations of $708.98 million. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was down 57.1% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their price target on 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 started coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 price target for the company. 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. Citigroup increased their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

Chesapeake Energy Price Performance

NASDAQ:EXE opened at $92.14 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 firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 56.88 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s payout ratio 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.