Expand Energy (NASDAQ:EXE) Hits New 12-Month Low – What’s Next?

Expand Energy Corporation (NASDAQ:EXE) hit a new 52-week low during trading on Monday . The stock traded as low as $90.76 and last traded at $90.9060, with a volume of 1307644 shares trading hands. The stock had previously closed at $92.07.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Wells Fargo & Company set a $123.00 price target on Expand Energy in a research report on Monday, February 23rd. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Expand Energy Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $21.25 billion, a PE ratio of 6.61 and a beta of 0.33. The firm’s fifty day moving average price is $97.49 and its 200 day moving average price is $105.04.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, research analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Insider Activity at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was 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 approximately $881,755.92. The trade was a 28.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $93.36 per share, for a total transaction of $93,360.00. Following the purchase, the chief executive officer owned 84,498 shares in the company, valued at $7,888,733.28. The trade was a 1.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.22% of the company’s stock.

Institutional Trading of Expand Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Expand Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock valued at $2,965,510,000 after acquiring an additional 646,330 shares during the last quarter. Capital Research Global Investors boosted its position in Expand Energy by 33.2% during the fourth quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after purchasing an additional 5,291,948 shares during the period. State Street Corp grew its holdings in Expand Energy by 8.3% during the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after purchasing an additional 1,014,484 shares during the last quarter. Oaktree Capital Management LP grew its holdings in Expand Energy by 3.5% during the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after purchasing an additional 175,114 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Expand Energy by 94.7% in the first quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock valued at $493,890,000 after purchasing an additional 2,188,422 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.