Stephens Cuts Expand Energy (NASDAQ:EXE) Price Target to $140.00

Expand Energy (NASDAQ:EXE) had its price target lowered by Stephens from $143.00 to $140.00 in a report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on EXE. Morgan Stanley boosted their target price on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Sanford C. Bernstein decreased their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Citigroup upped their target price on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. William Blair started coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. Finally, Barclays lowered their price target on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and an average target price of $130.33.

Expand Energy Stock Performance

EXE opened at $109.49 on Tuesday. The business’s 50-day simple moving average is $111.57 and its 200 day simple moving average is $105.49. Expand Energy has a 52-week low of $91.01 and a 52-week high of $126.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $26.08 billion, a PE ratio of 31.11 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, sell-side analysts expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 annualized dividend and a yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

Hedge Funds Weigh In On Expand Energy

Several institutional investors and hedge funds have recently made changes to their positions in EXE. Assetmark Inc. lifted its holdings in Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares during the last quarter. ESL Trust Services LLC bought a new position in Expand Energy during the 3rd quarter worth $32,000. Abound Wealth Management increased its position in Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after buying an additional 170 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Expand Energy by 374.3% in the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock valued at $39,000 after acquiring an additional 262 shares during the period. 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.