Sanford C. Bernstein Cuts Expand Energy (NASDAQ:EXE) Price Target to $144.00

Expand Energy (NASDAQ:EXE) had its price objective cut by Sanford C. Bernstein from $145.00 to $144.00 in a report released on Monday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Piper Sandler increased their price target on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, November 18th. Jefferies Financial Group lowered their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. William Blair started coverage on shares of Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating for the company. Finally, Barclays dropped their price objective on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.20.

Expand Energy Price Performance

Expand Energy stock opened at $106.66 on Monday. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $113.41 and a 200-day moving average price of $106.36. The firm has a market capitalization of $25.40 billion, a PE ratio of 30.30 and a beta of 0.46.

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

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

Institutional Trading of Expand Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH increased its position in shares of Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares in the last quarter. Hara Capital LLC increased its holdings in shares of Expand Energy by 3.3% in the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after buying an additional 100 shares during the period. OneDigital Investment Advisors LLC raised its position in Expand Energy by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares during the period. Finally, Uncommon Cents Investing LLC boosted its position in shares of Expand Energy by 6.0% during the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds 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.