Analysts Set Expand Energy Corporation (NASDAQ:EXE) PT at $130.19

by · The Cerbat Gem

Shares of Expand Energy Corporation (NASDAQ:EXE – Get Free Report) have received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat.com reports. One 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 1-year target price among brokers that have updated their coverage on the stock in the last year is $130.1875.

EXE has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. UBS Group reduced their price target on Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th.

Read Our Latest Stock Analysis on Expand Energy

Expand Energy Price Performance

NASDAQ:EXE opened at $91.52 on Friday. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 6.82 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $90.70 and its two-hundred day moving average is $99.23. Expand Energy has a 12-month low of $84.99 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Research analysts expect that Expand Energy will post 8.4 EPS for the current year.

Expand Energy Dividend Announcement

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

Insider Activity at Expand Energy

In related news, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the transaction, the chief financial officer owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 4,000 shares of company stock worth $375,120 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Siemens Fonds Invest GmbH grew its position in Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 88 shares during the period. New Mexico Educational Retirement Board raised its holdings in shares of Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after purchasing an additional 100 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Expand Energy by 74.6% in the 4th 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 period. McGowan Group Asset Management Inc. lifted its stake in shares of Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after purchasing an additional 105 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Expand Energy by 25.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after purchasing an additional 110 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Company Profile

(Get Free Report)

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.

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