Expand Energy (NASDAQ:EXE – Get Free Report) was upgraded by stock analysts at Freedom Broker to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.
Other research analysts have also recently issued research reports about the company. Roth Capital reaffirmed a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Citigroup lowered their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Benchmark dropped their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Johnson Rice cut Expand Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Finally, UBS Group reduced their target price on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.89.
View Our Latest Analysis on EXE
Expand Energy Stock Performance
Expand Energy (NASDAQ:EXE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. As a group, sell-side analysts expect that Expand Energy will post 8.84 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price 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 in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Expand Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp raised its holdings 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 during the last quarter. Eastern Bank bought a new position in Expand Energy in the second quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its holdings in shares of 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 during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy during the 4th quarter valued at $30,000. Finally, Ascentis Independent Advisors purchased a new stake in Expand Energy in the first quarter worth about $32,000. Institutional investors 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.
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