Expand Energy Corporation (NASDAQ:EXE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Expand Energy Corporation (NASDAQ:EXE) have earned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $128.32.

A number of equities research analysts have commented on EXE shares. Mizuho set a $136.00 target price on Expand Energy in a research report on Monday, September 15th. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $98.00 in a report on Monday, August 18th. UBS Group upped their target price on shares of Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Piper Sandler lifted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th.

Expand Energy Stock Performance

Expand Energy stock opened at $122.09 on Friday. The firm has a 50 day simple moving average of $110.35 and a 200-day simple moving average of $107.33. The stock has a market cap of $29.08 billion, a price-to-earnings ratio of 34.68 and a beta of 0.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. Expand Energy has a 1-year low of $91.01 and a 1-year high of $124.89.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. On average, analysts expect that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

Institutional Investors Weigh In On Expand Energy

A number of institutional investors have recently modified their holdings of EXE. Siemens Fonds Invest GmbH lifted its stake in Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after acquiring an additional 88 shares in the last quarter. Hara Capital LLC increased its stake in Expand Energy by 3.3% during the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after purchasing an additional 100 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Expand Energy by 5.2% during the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Uncommon Cents Investing LLC boosted its stake in shares of Expand Energy by 6.0% in the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after purchasing an additional 112 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand 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.