Expand Energy (NASDAQ:EXE) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Expand Energy (NASDAQ:EXE) had its target price upped by research analysts at Jefferies Financial Group from $140.00 to $143.00 in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 40.71% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Mizuho lifted their target price on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. William Blair assumed coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Sanford C. Bernstein decreased their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Barclays dropped their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Expand Energy has an average rating of “Moderate Buy” and a consensus price target of $129.28.

Expand Energy Trading Down 2.6%

Shares of NASDAQ:EXE opened at $101.63 on Thursday. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 28.87 and a beta of 0.46. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The company’s fifty day simple moving average is $113.45 and its 200 day simple moving average is $106.21. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last released its 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. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. As a group, research analysts forecast that Expand Energy will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Expand Energy

Several hedge funds have recently added to or reduced their stakes in EXE. Assetmark Inc. raised its position in shares of Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares during the period. ESL Trust Services LLC bought a new stake in Expand Energy in the 3rd quarter valued at $32,000. JFS Wealth Advisors LLC grew its holdings in Expand Energy by 125.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Expand Energy by 374.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after buying an additional 262 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds 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.