Q1 2024 EPS Estimates for Chesapeake Energy Co. (NASDAQ:CHK) Reduced by Seaport Res Ptn

Chesapeake Energy Co. (NASDAQ:CHKFree Report) – Equities research analysts at Seaport Res Ptn reduced their Q1 2024 earnings per share estimates for shares of Chesapeake Energy in a report issued on Tuesday, March 19th. Seaport Res Ptn analyst N. Pope now expects that the company will earn $0.73 per share for the quarter, down from their previous estimate of $0.74. The consensus estimate for Chesapeake Energy’s current full-year earnings is $3.19 per share.

Chesapeake Energy (NASDAQ:CHKGet Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $962.95 million. During the same quarter last year, the company earned $4.22 EPS.

CHK has been the subject of several other research reports. Wells Fargo & Company cut their target price on Chesapeake Energy from $89.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 22nd. TheStreet downgraded Chesapeake Energy from a “b-” rating to a “c+” rating in a research report on Friday, December 29th. UBS Group lifted their price target on Chesapeake Energy from $86.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Mizuho decreased their price objective on Chesapeake Energy from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Finally, Johnson Rice cut Chesapeake Energy from a “buy” rating to an “accumulate” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.56.

Check Out Our Latest Analysis on Chesapeake Energy

Chesapeake Energy Stock Up 1.8 %

Shares of NASDAQ CHK opened at $86.19 on Wednesday. Chesapeake Energy has a 52 week low of $72.17 and a 52 week high of $91.00. The business has a 50-day simple moving average of $79.66 and a two-hundred day simple moving average of $81.57. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.27 billion, a P/E ratio of 5.03, a P/E/G ratio of 5.48 and a beta of 0.51.

Hedge Funds Weigh In On Chesapeake Energy

A number of large investors have recently bought and sold shares of CHK. Raymond James Financial Services Advisors Inc. increased its stake in shares of Chesapeake Energy by 23.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,958 shares of the company’s stock valued at $518,000 after buying an additional 1,121 shares during the period. American Century Companies Inc. increased its stake in shares of Chesapeake Energy by 44.0% during the first quarter. American Century Companies Inc. now owns 28,070 shares of the company’s stock valued at $2,442,000 after buying an additional 8,578 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Chesapeake Energy by 20,980.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,054 shares of the company’s stock valued at $93,000 after buying an additional 1,049 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Chesapeake Energy by 64.3% during the first quarter. Allianz Asset Management GmbH now owns 287,074 shares of the company’s stock valued at $24,976,000 after buying an additional 112,360 shares during the period. Finally, Prudential PLC bought a new stake in shares of Chesapeake Energy during the first quarter valued at approximately $569,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th will be paid a $0.575 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a yield of 2.67%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 13.66%.

About Chesapeake Energy

(Get Free Report)

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.

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Earnings History and Estimates for Chesapeake Energy (NASDAQ:CHK)

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