UBS Group Issues Pessimistic Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its target price trimmed by UBS Group from $145.00 to $132.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on EXE. Capital One Financial lowered their price target on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Mizuho upped their price target on shares of Expand Energy from $141.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Morgan Stanley boosted their price objective on shares of Expand Energy from $134.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Tudor Pickering & Holt reduced their price objective on shares of Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. Finally, Sanford C. Bernstein upgraded shares of Expand Energy to a “strong-buy” rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $127.42.

Expand Energy Price Performance

Shares of EXE opened at $94.00 on Wednesday. The company has a 50 day moving average price of $106.58 and a 200-day moving average price of $107.02. Expand Energy has a fifty-two week low of $69.12 and a fifty-two week high of $123.35. The stock has a market capitalization of $22.39 billion, a PE ratio of 241.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Equities analysts predict that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s dividend payout ratio is presently 589.74%.

Insider Buying and Selling

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The shares were acquired at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were bought at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the purchase, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. This represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Expand Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EXE. Harbour Investments Inc. acquired a new stake in shares of Expand Energy in the first quarter worth $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy in the first quarter worth $27,000. First Horizon Advisors Inc. acquired a new stake in shares of Expand Energy in the first quarter worth $28,000. Quarry LP acquired a new stake in shares of Expand Energy in the first quarter worth $28,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Expand Energy in the first quarter worth $29,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Company Profile

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.