Brokerages Set Expand Energy Corporation (NASDAQ:EXE) PT at $132.09

Shares of Expand Energy Corporation (NASDAQ:EXE) have earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $132.0909.

A number of analysts have commented on EXE shares. Morgan Stanley reiterated an “overweight” rating on shares of Expand Energy in a research note on Friday, March 27th. Barclays increased their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Truist Financial reiterated a “buy” rating and issued a $134.00 price target (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th.

Insider Activity

In related news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Wichterich acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expand Energy

Several large investors have recently modified their holdings of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Expand Energy in the first quarter valued at about $2,599,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expand Energy in the first quarter valued at about $208,000. Focus Partners Wealth bought a new position in shares of Expand Energy in the first quarter valued at about $205,000. Geneos Wealth Management Inc. bought a new position in shares of Expand Energy in the first quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Expand Energy in the second quarter valued at about $757,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

Shares of EXE stock opened at $96.06 on Monday. The stock has a market cap of $22.98 billion, a P/E ratio of 7.16 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $103.48 and a two-hundred day moving average price of $107.46. Expand Energy has a one year low of $91.01 and a one year high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, equities analysts predict that Expand Energy will post 8.87 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is presently 17.15%.

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.