Expand Energy (NASDAQ:EXE) Price Target Raised to $138.00 at Piper Sandler

by · The Markets Daily

Expand Energy (NASDAQ:EXE – Get Free Report) had its target price upped by equities researchers at Piper Sandler from $136.00 to $138.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 18.07% from the company’s previous close.

EXE has been the topic of several other research reports. Jefferies Financial Group dropped their target price on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Morgan Stanley raised their price target on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Roth Capital cut Expand Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. UBS Group increased their target price on Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.32.

View Our Latest Stock Report on Expand Energy

Expand Energy Stock Performance

Expand Energy stock traded down $0.10 during trading hours on Tuesday, reaching $116.88. 1,279,507 shares of the company were exchanged, compared to its average volume of 3,636,537. Expand Energy has a 12 month low of $91.01 and a 12 month high of $123.35. 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 50-day moving average of $105.12 and a 200 day moving average of $106.58. The firm has a market cap of $27.84 billion, a price-to-earnings ratio of 33.23 and a beta of 0.47.

Expand Energy (NASDAQ:EXE – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. As a group, research analysts anticipate that Expand Energy will post 1.33 earnings per share for the current year.

Institutional Trading of Expand Energy

A number of institutional investors and hedge funds have recently modified their holdings of EXE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expand Energy in the 1st quarter valued at $3,757,000. Wedbush Securities Inc. acquired a new position in Expand Energy during the first quarter worth $210,000. Inspire Investing LLC bought a new position in shares of Expand Energy during the first quarter valued at $312,000. Horizon Investments LLC acquired a new stake in shares of Expand Energy in the 1st quarter valued at $342,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Expand Energy in the 1st quarter valued at $503,000. 97.93% of the stock is currently owned by institutional investors.

About Expand Energy

(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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