Sanford C. Bernstein Has Lowered Expectations for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its price target reduced by analysts at Sanford C. Bernstein from $145.00 to $144.00 in a research report issued on Monday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 36.58% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. William Blair assumed coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Morgan Stanley increased their price objective on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Finally, Piper Sandler boosted their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.20.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $105.43 on Monday. The business has a 50-day moving average of $113.28 and a 200 day moving average of $106.36. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 29.95 and a beta of 0.46. 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 (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The company 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%. As a group, sell-side analysts forecast that Expand Energy will post 1.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC lifted its stake in Expand Energy by 215.9% during the fourth quarter. Avior Wealth Management LLC now owns 8,716 shares of the company’s stock worth $962,000 after purchasing an additional 5,957 shares during the last quarter. Confluence Investment Management LLC grew its position in shares of Expand Energy by 22.3% in the 4th quarter. Confluence Investment Management LLC now owns 9,714 shares of the company’s stock valued at $1,072,000 after buying an additional 1,769 shares during the last quarter. Park Avenue Securities LLC raised its stake in Expand Energy by 15.2% during the 4th quarter. Park Avenue Securities LLC now owns 2,213 shares of the company’s stock worth $244,000 after acquiring an additional 292 shares in the last quarter. Miller Global Investments LLC acquired a new stake in Expand Energy during the 4th quarter worth $559,000. Finally, GAMMA Investing LLC lifted its position in Expand Energy by 55.1% in the fourth quarter. GAMMA Investing LLC now owns 4,295 shares of the company’s stock valued at $474,000 after acquiring an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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.