Analysts Set Expand Energy Corporation (NASDAQ:EXE) Price Target at $127.62

Shares of Expand Energy Corporation (NASDAQ:EXE) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $127.6154.

Several equities analysts have recently weighed in on EXE shares. Bernstein Bank decreased their price target on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Piper Sandler decreased their price target on shares of Expand Energy from $140.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Wolfe Research decreased their price target on shares of Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Jefferies Financial Group decreased their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Expand Energy in a research note on Wednesday, October 8th.

Insider Activity

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

Institutional Investors Weigh In On Expand Energy

Several hedge funds and other institutional investors have recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new stake in Expand Energy during the first quarter worth about $328,000. Fifth Third Bancorp acquired a new stake in Expand Energy during the first quarter worth about $149,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Expand Energy during the first quarter valued at about $1,179,000. Ritholtz Wealth Management acquired a new stake in shares of Expand Energy during the first quarter valued at about $256,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Expand Energy during the first quarter valued at about $408,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Price Performance

NASDAQ:EXE opened at $104.39 on Thursday. Expand Energy has a 12 month low of $82.69 and a 12 month high of $123.35. The stock has a 50 day moving average of $99.99 and a two-hundred day moving average of $105.76. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market cap of $24.86 billion, a P/E ratio of 267.67 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, analysts expect that Expand Energy will post 1.33 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, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is presently 589.74%.

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.