Wells Fargo & Company Lowers Expand Energy (NASDAQ:EXE) Price Target to $120.00

Expand Energy (NASDAQ:EXE) had its target price cut by equities research analysts at Wells Fargo & Company from $121.00 to $120.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.79% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. UBS Group lifted their target price on shares of Expand Energy from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Stephens lowered their target price on Expand Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Scotiabank boosted their price target on Expand Energy from $120.00 to $135.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. Finally, Truist Financial dropped their price objective on Expand Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $129.80.

Expand Energy Trading Up 0.7%

NASDAQ EXE opened at $108.31 on Tuesday. The firm’s fifty day moving average price is $114.23 and its 200 day moving average price is $107.69. Expand Energy has a 12 month low of $81.66 and a 12 month high of $123.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of -20.21 and a beta of 0.48.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. On average, sell-side analysts expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expand Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbour Investments Inc. acquired a new stake in Expand Energy in the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $28,000. Quarry LP acquired a new position in Expand Energy during the 1st quarter worth approximately $28,000. Finally, Cheviot Value Management LLC purchased a new position in Expand Energy in the 1st quarter worth approximately $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

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.