Expand Energy Corporation (NASDAQ:EXE) Receives $130.29 Consensus PT from Analysts

Shares of Expand Energy Corporation (NASDAQ:EXE) have been given a consensus rating of “Buy” by the twenty analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $129.9167.

EXE has been the subject of a number of research analyst reports. Barclays reduced their target price on Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday. Stephens increased their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Benchmark reaffirmed a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Piper Sandler dropped their target price on Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Finally, Morgan Stanley increased their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th.

Expand Energy Stock Performance

Shares of EXE opened at $103.18 on Wednesday. The company has a 50-day moving average of $106.61 and a two-hundred day moving average of $106.04. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 13.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy has a one year low of $91.01 and a one year high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, equities research analysts expect that Expand Energy will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.575 dividend. The ex-dividend date is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s dividend payout ratio is presently 30.50%.

Institutional Trading of Expand Energy

Several hedge funds and other institutional investors have recently modified their holdings of EXE. Atlantic Union Bankshares Corp grew its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of 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 purchasing an additional 193 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after buying an additional 184 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the 4th quarter valued at approximately $30,000. Finally, ESL Trust Services LLC bought a new stake in shares of Expand Energy in the 3rd quarter valued at approximately $32,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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.