Expand Energy Corporation (NASDAQ:EXE) Receives Consensus Rating of “Moderate Buy” from Analysts

Expand Energy Corporation (NASDAQ:EXEGet Free Report) has earned an average rating of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $129.00.

Several equities analysts recently issued reports on the company. Roth Capital restated a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Citigroup reduced their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Truist Financial lifted their price objective on Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and set a $114.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th.

Get Our Latest Research Report on Expand Energy

Expand Energy Stock Performance

NASDAQ EXE opened at $98.24 on Wednesday. The company’s fifty day moving average is $90.06 and its two-hundred day moving average is $98.32. Expand Energy has a 52-week low of $84.99 and a 52-week high of $126.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34.

Expand Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Equities research analysts forecast that Expand Energy will post 8.92 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is currently 19.86%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is owned by company insiders.

Institutional Trading of Expand Energy

Several institutional investors have recently made changes to their positions in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Expand Energy in the first quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $208,000. Focus Partners Wealth bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $205,000. Geneos Wealth Management Inc. acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $79,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Expand Energy in the 2nd quarter worth approximately $757,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

About Expand Energy

(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.

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Analyst Recommendations for Expand Energy (NASDAQ:EXE)

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