Expand Energy Corporation (EXE) to Issue Quarterly Dividend of $0.58 on June 4th

Expand Energy Corporation (NASDAQ:EXE – Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Thursday, May 14th will be given a dividend of 0.575 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, May 14th.

Expand Energy Trading Up 0.8%

NASDAQ EXE opened at $96.70 on Tuesday. The stock has a market capitalization of $23.13 billion, a P/E ratio of 7.21 and a beta of 0.36. Expand Energy has a 52-week low of $91.01 and a 52-week high of $126.62. The firm has a 50-day moving average price of $103.09 and a 200 day moving average price of $107.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

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Expand Energy (NASDAQ:EXE – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Equities research analysts expect that Expand Energy will post 8.87 EPS for the current year.

Analyst Ratings Changes

EXE has been the subject of a number of research analyst reports. Benchmark increased their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Morgan Stanley reissued an “overweight” rating on shares of Expand Energy in a research note on Friday, March 27th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. UBS Group raised their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.09.

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Expand Energy Company Profile

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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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