Expand Energy (NASDAQ:EXE) Price Target Cut to $136.00 by Analysts at Piper Sandler

Expand Energy (NASDAQ:EXE) had its price target cut by equities researchers at Piper Sandler from $137.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 27.52% from the company’s current price.

Several other equities research analysts have also issued reports on EXE. Sanford C. Bernstein lowered their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Benchmark restated a “buy” rating on shares of Expand Energy in a research report on Wednesday, February 18th. Citigroup boosted their price objective on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research note on Monday, February 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $129.88.

Expand Energy Price Performance

Expand Energy stock traded up $0.77 during mid-day trading on Thursday, reaching $106.65. 991,026 shares of the company’s stock traded hands, compared to its average volume of 3,760,769. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $106.38 and a two-hundred day moving average of $106.43. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 14.14 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. Equities analysts forecast that Expand Energy will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On Expand Energy

Hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group purchased a new position in Expand Energy in the fourth quarter valued at about $209,000. EJMK Ventures LLC purchased a new position in shares of Expand Energy in the 4th quarter worth approximately $385,000. Fearnley Asset Management AS bought a new position in shares of Expand Energy during the 4th quarter worth approximately $12,136,000. Arwa LLC purchased a new stake in Expand Energy during the fourth quarter valued at approximately $207,000. Finally, Sunbelt Securities Inc. boosted its stake in Expand Energy by 760.4% in the fourth quarter. Sunbelt Securities Inc. now owns 869 shares of the company’s stock valued at $96,000 after acquiring an additional 768 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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.