Analysts Set Expand Energy Corporation (NASDAQ:EXE) Price Target at $131.45

Expand Energy Corporation (NASDAQ:EXEGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $131.4545.

Several research firms have recently weighed in on EXE. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research note on Monday, February 23rd. Benchmark lifted their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Piper Sandler lifted their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Morgan Stanley lowered their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Truist Financial restated a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th.

View Our Latest Research Report on Expand Energy

Expand Energy Stock Performance

NASDAQ:EXE opened at $93.40 on Friday. The company has a fifty day moving average of $98.83 and a 200-day moving average of $105.60. The firm has a market capitalization of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy has a twelve month low of $90.79 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXEGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, sell-side analysts anticipate that Expand Energy will post 8.8 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is currently 17.15%.

Insider Activity

In related news, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average cost of $93.36 per share, with a total value of $93,360.00. Following the acquisition, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at $7,888,733.28. This represents a 1.20% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXE. Atlantic Union Bankshares Corp boosted its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after buying an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy in the fourth quarter worth approximately $30,000. Finally, ESL Trust Services LLC purchased a new stake in Expand Energy in the third quarter worth approximately $32,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Expand Energy (NASDAQ:EXE)

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