Chesapeake Energy Co. to Post Q3 2024 Earnings of ($0.10) Per Share, Capital One Financial Forecasts (NASDAQ:CHK)

Chesapeake Energy Co. (NASDAQ:CHK) – Investment analysts at Capital One Financial dropped their Q3 2024 EPS estimates for Chesapeake Energy in a report released on Tuesday, September 17th. Capital One Financial analyst P. Johnston now expects that the company will earn ($0.10) per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.32 per share. Capital One Financial also issued estimates for Chesapeake Energy’s FY2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $1.91 EPS and FY2026 earnings at $3.97 EPS.

CHK has been the subject of a number of other reports. UBS Group cut their target price on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. Wolfe Research initiated coverage on shares of Chesapeake Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $110.00 target price on the stock. KeyCorp began coverage on shares of Chesapeake Energy in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Scotiabank reduced their price objective on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. Finally, StockNews.com upgraded Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy presently has an average rating of “Hold” and a consensus target price of $105.92.

Chesapeake Energy Stock Performance

NASDAQ:CHK opened at $78.46 on Friday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 10.57 and a beta of 0.46. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58. The stock’s 50 day simple moving average is $74.62 and its two-hundred day simple moving average is $82.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The firm had revenue of $505.00 million for the quarter, compared to analysts’ expectations of $822.54 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue for the quarter was down 73.3% on a year-over-year basis.

Institutional Investors Weigh In On Chesapeake Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aurora Investment Counsel raised its position in Chesapeake Energy by 1.1% during the 1st quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock valued at $1,060,000 after purchasing an additional 135 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of 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 in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of Chesapeake Energy by 1.3% in the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock valued at $1,142,000 after acquiring an additional 180 shares in the last quarter. Toronto Dominion Bank lifted its stake in Chesapeake Energy by 1.9% in the second quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock worth $839,000 after acquiring an additional 186 shares during the period. Finally, Abich Financial Wealth Management LLC grew its holdings in Chesapeake Energy by 32.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock worth $80,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.93%. Chesapeake Energy’s dividend payout ratio (DPR) is 31.00%.

Chesapeake Energy Company Profile

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.