Expand Energy Corporation (NASDAQ:EXE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Expand Energy Corporation (NASDAQ:EXE) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $130.2917.

A number of research firms have recently issued reports on EXE. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Barclays dropped their target price on shares of Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Mizuho boosted their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Sanford C. Bernstein dropped their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a report on Thursday, October 16th.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $112.41 on Friday. The firm’s 50 day simple moving average is $110.86 and its 200-day simple moving average is $105.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. Expand Energy has a one year low of $91.01 and a one year high of $126.62. The firm has a market cap of $26.77 billion, a PE ratio of 31.93 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. As a group, equities analysts predict that Expand Energy will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Expand Energy in the first quarter valued at about $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy in the 1st quarter valued at about $208,000. Focus Partners Wealth purchased a new position in shares of Expand Energy in the 1st quarter worth approximately $205,000. Geneos Wealth Management Inc. bought a new position in shares of Expand Energy during the 1st quarter worth approximately $79,000. Finally, GAMMA Investing LLC raised its stake in shares of Expand Energy by 24.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,657 shares of the company’s stock worth $428,000 after acquiring an additional 711 shares in the last quarter. 97.93% of the stock is owned by 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.