Expand Energy Corporation (NASDAQ:EXE – Get 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
Expand Energy (NASDAQ:EXE – Get 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
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
- Five stocks we like better than Expand Energy
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Expand Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expand Energy and related companies with MarketBeat.com's FREE daily email newsletter.
