Equities Analysts Offer Predictions for Chesapeake Energy Co.’s Q2 2024 Earnings (NASDAQ:CHK)

Chesapeake Energy Co. (NASDAQ:CHK) – Seaport Res Ptn dropped their Q2 2024 earnings per share estimates for Chesapeake Energy in a research report issued to clients and investors 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 $1.76 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.

Several other equities research analysts also recently commented on CHK. UBS Group upped their price objective on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. KeyCorp assumed coverage on shares of Chesapeake Energy in a report on Thursday, April 4th. They issued a “sector weight” rating for the company. Mizuho lifted their price objective on shares of Chesapeake Energy from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark dropped their target price on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays assumed coverage on Chesapeake Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $105.83.

Chesapeake Energy Stock Down 0.1 %

Shares of NASDAQ CHK opened at $86.67 on Friday. The business’s fifty day moving average price is $86.56 and its 200-day moving average price is $82.17. Chesapeake Energy has a one year low of $72.84 and a one year high of $93.58. The stock has a market capitalization of $11.36 billion, a PE ratio of 11.48 and a beta of 0.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.33 and a quick ratio of 1.99.

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

Chesapeake Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.715 per share. This is a positive change from Chesapeake Energy’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.30%. Chesapeake Energy’s payout ratio is presently 31.00%.

Hedge Funds Weigh In On Chesapeake Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CHK. Easterly Investment Partners LLC lifted its holdings in shares of Chesapeake Energy by 90.3% during the 1st quarter. Easterly Investment Partners LLC now owns 48,326 shares of the company’s stock worth $4,293,000 after acquiring an additional 22,925 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised 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 valued at $614,000 after purchasing an additional 2,531 shares in the last quarter. Jennison Associates LLC lifted 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 worth $17,773,000 after purchasing an additional 2,531 shares during the last quarter. Hartree Partners LP boosted its holdings 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 purchasing an additional 32,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Chesapeake Energy by 6.7% during the 1st 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 last quarter. Hedge funds and other institutional investors 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.