Stephens Lowers Expand Energy (NASDAQ:EXE) Price Target to $140.00

Expand Energy (NASDAQ:EXE) had its target price reduced by equities research analysts at Stephens from $143.00 to $140.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price objective indicates a potential upside of 27.85% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Citigroup increased their price objective on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Morgan Stanley raised their target price on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Benchmark reaffirmed a “buy” rating on shares of Expand Energy in a report on Wednesday, January 14th. Finally, Piper Sandler increased their price target on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.33.

Expand Energy Trading Up 4.5%

Shares of Expand Energy stock opened at $109.50 on Tuesday. The company has a fifty day simple moving average of $111.74 and a 200-day simple moving average of $105.46. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a market cap of $26.08 billion, a price-to-earnings ratio of 31.11 and a beta of 0.46.

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

Hedge Funds Weigh In On Expand Energy

A number of large investors have recently bought and sold shares of EXE. Assetmark Inc. increased its stake in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after acquiring an additional 184 shares during the period. ESL Trust Services LLC acquired a new stake in Expand Energy in the third quarter valued at about $32,000. Abound Wealth Management boosted its holdings in Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 170 shares during the period. Finally, 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 purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

About Expand Energy

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.