Expand Energy (NASDAQ:EXE) Price Target Raised to $142.00

Expand Energy (NASDAQ:EXE) had its target price upped by Mizuho from $141.00 to $142.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on EXE. UBS Group upped their price objective on Expand Energy from $144.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. Stephens cut their price target on Expand Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Benchmark upped their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Finally, Piper Sandler increased their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Expand Energy presently has a consensus rating of “Buy” and a consensus price target of $128.40.

Expand Energy Stock Performance

Shares of EXE opened at $107.95 on Tuesday. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. Expand Energy has a 12 month low of $81.66 and a 12 month high of $123.35. The firm has a fifty day simple moving average of $114.14 and a 200 day simple moving average of $107.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Research analysts forecast that Expand Energy will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.13%. Expand Energy’s dividend payout ratio (DPR) is currently -42.91%.

Institutional Investors Weigh In On Expand Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. bought a new stake in Expand Energy during the 1st quarter worth $27,000. Transamerica Financial Advisors LLC bought a new position in Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. acquired a new stake in shares of Expand Energy during the first quarter valued at about $28,000. Quarry LP bought a new stake in shares of Expand Energy during the first quarter worth about $28,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Expand Energy during the first quarter worth about $29,000. 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.