Expand Energy Corporation (NASDAQ:EXE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $125.32.
Several research firms have recently commented on EXE. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Barclays lowered their price target on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Roth Capital reiterated a “neutral” rating and issued a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Truist Financial reduced their price objective on shares of Expand Energy from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th.
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Institutional Investors Weigh In On Expand Energy
Expand Energy Price Performance
Shares of EXE opened at $88.12 on Thursday. The firm has a market cap of $20.40 billion, a PE ratio of 7.61 and a beta of 0.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy has a 1-year low of $83.25 and a 1-year high of $126.62. The firm has a fifty day simple moving average of $92.98 and a two-hundred day simple moving average of $94.28.
Expand Energy (NASDAQ:EXE – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. On average, equities analysts anticipate that Expand Energy will post 8.59 EPS for the current year.
Expand Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.5750 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio is currently 19.86%.
Expand Energy Company Profile
Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.
Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.
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