Chesapeake Energy Co. Expected to Post Q2 2024 Earnings of $0.30 Per Share (NASDAQ:CHK)

Chesapeake Energy Co. (NASDAQ:CHK) – Stock analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for shares of Chesapeake Energy in a report released on Wednesday, May 1st. Seaport Res Ptn analyst N. Pope now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.53. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.56 per share. Seaport Res Ptn also issued estimates for Chesapeake Energy’s Q3 2024 earnings at $0.41 EPS, Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $1.82 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $1.48 EPS and FY2025 earnings at $3.57 EPS.

Chesapeake Energy (NASDAQ:CHK) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). Chesapeake Energy had a return on equity of 4.87% and a net margin of 16.42%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $674.99 million. During the same period last year, the company earned $1.87 earnings per share.

A number of other research firms have also recently weighed in on CHK. Truist Financial reduced their price target on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a report on Friday, April 5th. UBS Group upped their price objective on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Stephens boosted their target price on shares of Chesapeake Energy from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Jefferies Financial Group decreased their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, KeyCorp started coverage on shares of Chesapeake Energy in a research report on Thursday, April 4th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Chesapeake Energy has a consensus rating of “Hold” and an average target price of $105.83.

Chesapeake Energy Stock Down 0.1 %

Shares of CHK stock opened at $86.67 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. Chesapeake Energy has a twelve month low of $72.84 and a twelve month high of $93.58. The stock has a 50 day moving average of $86.65 and a 200 day moving average of $82.15. The stock has a market cap of $11.36 billion, a P/E ratio of 11.68 and a beta of 0.51.

Chesapeake Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. This represents a $2.86 dividend on an annualized basis and a yield of 3.30%. Chesapeake Energy’s payout ratio is 31.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Easterly Investment Partners LLC grew its holdings in Chesapeake Energy by 90.3% in the 1st quarter. Easterly Investment Partners LLC now owns 48,326 shares of the company’s stock valued at $4,293,000 after buying an additional 22,925 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Chesapeake Energy by 57.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,909 shares of the company’s stock worth $614,000 after buying an additional 2,531 shares in the last quarter. Jennison Associates LLC increased its stake in Chesapeake Energy by 1.3% during the first quarter. Jennison Associates LLC now owns 200,083 shares of the company’s stock valued at $17,773,000 after acquiring an additional 2,531 shares during the period. Hartree Partners LP lifted its position in shares of Chesapeake Energy by 20.3% in the 1st quarter. Hartree Partners LP now owns 190,000 shares of the company’s stock worth $16,878,000 after acquiring an additional 32,000 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Chesapeake Energy by 6.7% during the first quarter. Private Advisor Group LLC now owns 7,530 shares of the company’s stock valued at $669,000 after purchasing an additional 470 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.