Expand Energy (NASDAQ:EXE) Sets New 12-Month Low – Should You Sell?

Expand Energy Corporation (NASDAQ:EXE)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $90.76 and last traded at $90.9060, with a volume of 1307644 shares changing hands. The stock had previously closed at $92.07.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. Piper Sandler raised their price target on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, UBS Group lifted their target price on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Expand Energy Stock Down 1.8%

The firm’s 50 day moving average is $98.39 and its two-hundred day moving average is $105.42. The firm has a market cap of $21.63 billion, a P/E ratio of 6.74 and a beta of 0.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping 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 net margin of 22.53% and a return on equity of 10.26%. As a group, research analysts anticipate that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction dated Thursday, May 7th. The shares were bought 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 directly owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $93.36 per share, for a total transaction of $93,360.00. Following the acquisition, the chief executive officer directly owned 84,498 shares in the company, valued at $7,888,733.28. This represents a 1.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Expand Energy

Several institutional investors have recently modified their holdings of EXE. Allianz Asset Management GmbH increased its stake in shares of Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after purchasing an additional 13,670 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Expand Energy by 513.9% during the 3rd quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after acquiring an additional 30,790 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Expand Energy by 59.0% during the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after acquiring an additional 11,428 shares during the last quarter. Finally, Sierra Summit Advisors LLC increased its holdings in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after acquiring an additional 15,904 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

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.