Morgan Stanley Forecasts Strong Price Appreciation for Expand Energy (NASDAQ:EXE) Stock

Expand Energy (NASDAQ:EXE) had its price objective increased by equities researchers at Morgan Stanley from $134.00 to $139.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 37.57% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. TD Cowen upgraded shares of Expand Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Expand Energy from $121.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an “overweight” rating in a research report on Friday, June 13th. UBS Group increased their price objective on shares of Expand Energy from $144.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Finally, Sanford C. Bernstein raised shares of Expand Energy to a “strong-buy” rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expand Energy currently has an average rating of “Buy” and a consensus target price of $128.92.

Expand Energy Stock Down 0.2%

Shares of Expand Energy stock opened at $101.04 on Monday. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 259.08 and a beta of 0.46. The company’s 50 day moving average is $110.82 and its 200 day moving average is $107.64. Expand Energy has a twelve month low of $69.12 and a twelve month high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Research analysts anticipate that Expand Energy will post 1.33 EPS for the current year.

Hedge Funds Weigh In On Expand Energy

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Expand Energy in the 1st quarter worth $36,507,000. Parallel Advisors LLC bought a new stake in shares of Expand Energy in the 1st quarter worth about $286,000. Doliver Advisors LP bought a new stake in shares of Expand Energy in the 1st quarter worth about $446,000. Peoples Bank KS bought a new stake in shares of Expand Energy in the 1st quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Expand Energy in the 1st quarter worth about $466,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

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.