Expand Energy Corporation (NASDAQ:EXE) Receives $126.79 Average PT from Analysts

Expand Energy Corporation (NASDAQ:EXE) has earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seventeen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $127.55.

Several research firms have commented on EXE. Truist Financial lowered their target price on shares of Expand Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the company an “overweight” rating in a research note on Friday, June 13th. Wells Fargo & Company raised their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays upgraded shares of Expand Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Finally, TD Cowen upgraded Expand Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th.

Institutional Investors Weigh In On Expand Energy

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. bought a new stake in Expand Energy during the first quarter worth approximately $2,973,033,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Expand Energy during the 1st quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Expand Energy during the 1st quarter worth $701,831,000. Wellington Management Group LLP bought a new stake in Expand Energy during the first quarter valued at about $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Expand Energy during the first quarter valued at about $518,328,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Trading Up 0.8%

NASDAQ:EXE opened at $119.59 on Friday. Expand Energy has a 12-month low of $81.66 and a 12-month high of $120.04. The firm has a market capitalization of $28.46 billion, a P/E ratio of -22.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $110.86 and a 200 day simple moving average of $105.41.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Equities research analysts predict that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy’s dividend payout ratio is presently -42.91%.

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.