Q3 2024 Revenue Estimate for Chesapeake Energy Co. (NASDAQ:CHK) issued by Seaport Res Ptn

Chesapeake Energy Co. (NASDAQ:CHK – Free Report ) – Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for Chesapeake Energy in a report issued on Thursday, August 15th. Seaport Res Ptn analyst N. Pope now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.42. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.34 per share.

Other equities analysts recently issued reports on the company. StockNews.com upgraded Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. KeyCorp assumed coverage on Chesapeake Energy in a research report on Thursday, June 27th. They issued a “sector weight” rating on the company. Benchmark decreased their price target on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Stephens lifted their price objective on Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Wolfe Research initiated coverage on shares of Chesapeake Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.58, according to MarketBeat.com.

Get the latest stock analysis on CHK

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $72.93 on Monday. The company has a current ratio of 2.16, a quick ratio of 2.33, and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $80.09 and a 200-day moving average of $83.84. The stock has a market cap of $9.56 billion, a P/E ratio of 9.83 and a beta of 0.47. Chesapeake Energy has a 52-week low of $69.42 and a 52-week high of $93.58.

Chesapeake Energy (NASDAQ:CHK – Get Your Free Report ) last announced its earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business had revenue of $505.00 million for the quarter, compared to analyst estimates of $822.54 million. In the same quarter last year, the company earned $0.64 per share. The company’s revenue fell 73.3% year over year.

Hedge funds influence Chesapeake energy

Several large investors have recently made changes to their positions in CHK. Creative Planning raised its position in shares of Chesapeake Energy by 4.6% in the second quarter. Creative Planning now owns 19,352 shares of the company’s stock valued at $1,591,000 after acquiring an additional 857 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Chesapeake Energy by 72.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 141,413 shares of the company’s stock valued at $11,623,000 after buying an additional 59,400 shares. actions during the period. Mackenzie Financial Corp raised its stake in Chesapeake Energy by 54.0% during the second quarter. Mackenzie Financial Corp now owns 174,123 shares of the company’s stock valued at $14,311,000 after purchasing an additional 61,077 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Chesapeake Energy in the second quarter valued at $640,000. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Chesapeake Energy by 10.0% in the second quarter. Deprince Race & Zollo Inc. now owns 439,873 shares of the company’s stock worth $36,153,000 after buying an additional 39,910 shares during the period. Institutional investors own 97.93% of the company’s shares.

Chesapeake Energy cuts dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.575 per share. This represents an annualized dividend of $2.30 and a dividend yield of 3.15%. The ex-dividend date is Thursday, August 15. Chesapeake Energy’s dividend payout ratio (DPR) is currently 31.00%.

About Chesapeake Energy

(Get a free report)

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in the acquisition, exploration and development of properties to produce oil, natural gas and natural gas liquids from underground reservoirs. The company owns interests in natural gas resources in the Marcellus Shale in the northern Appalachian Basin of Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

Further reading

Get news and reviews for Chesapeake Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chesapeake Energy and related companies with MarketBeat.com ‘s FREE daily email newsletter.