Expand Energy (NASDAQ:EXE) Hits New 12-Month Low – Here’s Why

Expand Energy Corporation (NASDAQ:EXE) reached a new 52-week low during trading on Tuesday. The company traded as low as $83.70 and last traded at $84.3740, with a volume of 189461 shares. The stock had previously closed at $85.31.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of research analyst reports. Freedom Broker raised shares of Expand Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Truist Financial raised their price objective on shares of Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. UBS Group boosted their target price on shares of Expand Energy from $124.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Finally, Roth Capital reissued a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.42.

Expand Energy Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $19.44 billion, a P/E ratio of 7.25 and a beta of 0.34. The firm has a 50 day moving average price of $93.66 and a two-hundred day moving average price of $95.33.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. On average, analysts predict that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were paid a $0.5750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.7%. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Institutional Trading of Expand Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. lifted its stake in shares of Expand Energy by 1.2% during the 2nd quarter. QRG Capital Management Inc. now owns 10,361 shares of the company’s stock valued at $945,000 after buying an additional 127 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in Expand Energy in the 2nd quarter valued at approximately $5,406,000. Sequoia Financial Advisors LLC raised its holdings in Expand Energy by 21.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,872 shares of the company’s stock valued at $627,000 after acquiring an additional 1,229 shares during the period. MCF Advisors LLC bought a new stake in Expand Energy during the 2nd quarter valued at $49,000. Finally, Cidel Asset Management Inc. lifted its position in shares of Expand Energy by 2.4% during the second quarter. Cidel Asset Management Inc. now owns 8,054 shares of the company’s stock worth $734,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Company Profile

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.