Expand Energy Corporation (NASDAQ:EXE) Receives $130.19 Consensus Target Price from Analysts

Shares of Expand Energy Corporation (NASDAQ:EXE) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $130.1875.

EXE has been the subject of a number of research reports. UBS Group reduced their price target on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, July 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Morgan Stanley reduced their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Finally, Barclays cut Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 4,000 shares of company stock worth $375,120. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp raised its stake in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. raised its position in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares during the last quarter. Eastern Bank purchased a new position in Expand Energy during the 2nd quarter worth $27,000. SJS Investment Consulting Inc. lifted its stake in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy in the 4th quarter worth $30,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

Shares of EXE opened at $93.17 on Friday. The stock has a 50-day simple moving average of $90.90 and a 200-day simple moving average of $99.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $22.29 billion, a PE ratio of 6.95 and a beta of 0.34. Expand Energy has a 1 year low of $84.99 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, analysts predict that Expand Energy will post 8.4 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio is presently 17.15%.

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.