Expand Energy Corporation (NASDAQ:EXE – Get Free Report)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $86.33 and last traded at $86.8750, with a volume of 1560643 shares trading hands. The stock had previously closed at $88.97.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on EXE shares. Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Morgan Stanley lowered their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Citigroup cut their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Finally, UBS Group reissued a “buy” rating and issued a $127.00 price target on shares of Expand Energy in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus price target of $129.78.
View Our Latest Research Report on Expand Energy
Expand Energy Stock Performance
Expand Energy (NASDAQ:EXE – Get Free Report) last issued its quarterly 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 return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, equities analysts predict that Expand Energy Corporation will post 8.61 earnings per share for the current fiscal year.
Expand Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.7%. Expand Energy’s dividend payout ratio is 17.15%.
Insider Activity
In other news, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $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 the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,000 shares of company stock valued at $375,120 in the last ninety days. Company insiders own 0.22% of the company’s stock.
Hedge Funds Weigh In On Expand Energy
Several hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its holdings in shares of Expand Energy by 39.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,653 shares of the company’s stock worth $424,000 after purchasing an additional 1,328 shares in the last quarter. Everpar Advisors LLC acquired a new stake in Expand Energy during the second quarter valued at approximately $234,000. Polianta Ltd boosted its holdings in Expand Energy by 21.8% during the second quarter. Polianta Ltd now owns 17,900 shares of the company’s stock worth $1,632,000 after buying an additional 3,200 shares in the last quarter. Gradient Investments LLC boosted its holdings in Expand Energy by 8.1% during the second quarter. Gradient Investments LLC now owns 38,365 shares of the company’s stock worth $3,498,000 after buying an additional 2,870 shares in the last quarter. Finally, Czech National Bank grew its position in Expand Energy by 5.0% in the second quarter. Czech National Bank now owns 68,094 shares of the company’s stock worth $6,209,000 after buying an additional 3,229 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Expand Energy
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
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.
