Expand Energy (NASDAQ:EXE) Downgraded by Barclays to Equal Weight

Expand Energy (NASDAQ:EXE) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Marketbeat.com reports. They currently have a $110.00 price target on the stock. Barclays‘s target price suggests a potential upside of 12.31% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Piper Sandler raised their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Truist Financial reaffirmed a “buy” rating and issued a $134.00 target price (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. Finally, William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Expand Energy Price Performance

Expand Energy stock opened at $97.94 on Tuesday. Expand Energy has a 52-week low of $91.01 and a 52-week high of $126.62. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 7.30 and a beta of 0.36. The company has a fifty day simple moving average of $101.18 and a 200-day simple moving average of $106.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, equities analysts anticipate that Expand Energy will post 8.8 EPS for the current fiscal year.

Insider Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Wichterich acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of Expand Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp increased its position in shares of Expand Energy by 74.6% during 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 last quarter. Rakuten Securities Inc. boosted its holdings in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Expand Energy during the 4th quarter valued at about $30,000. Finally, ESL Trust Services LLC purchased a new position in Expand Energy during the 3rd quarter valued at about $32,000. 97.93% of the stock is owned by institutional investors and hedge funds.

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.