Roth Capital Lowers Earnings Estimates for Chesapeake Energy

Chesapeake Energy Corporation (NASDAQ:EXE) – Stock analysts at Roth Capital reduced their FY2024 earnings per share estimates for shares of Chesapeake Energy in a report issued on Tuesday, October 29th. Roth Capital analyst L. Mariani now anticipates that the company will post earnings of $0.83 per share for the year, down from their previous estimate of $0.97. 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 Q1 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.27 EPS and FY2025 earnings at $2.53 EPS.

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

A number of other brokerages also recently commented on EXE. Stephens increased their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday. Bank of America initiated coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. UBS Group increased their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Citigroup increased their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Mizuho raised their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $83.66 on Thursday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 51.43 and a beta of 0.47. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $93.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.16.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders 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 yield of 2.75%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is presently 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.