Expand Energy (NASDAQ:EXE) Stock Price Expected to Rise, Scotiabank Analyst Says

Expand Energy (NASDAQ:EXE) had its price objective upped by equities research analysts at Scotiabank from $135.00 to $140.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 47.38% from the stock’s current price.

A number of other research firms have also recently commented on EXE. Roth Capital set a $125.00 target price on shares of Expand Energy in a research report on Wednesday, July 30th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the company an “overweight” rating in a research note on Friday, June 13th. Siebert Williams Shank cut their price target on shares of Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Tudor Pickering & Holt cut their price target on shares of Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company cut 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 note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Buy” and an average target price of $128.96.

Expand Energy Trading Down 1.5%

NASDAQ:EXE opened at $94.99 on Wednesday. Expand Energy has a 52 week low of $69.12 and a 52 week high of $123.35. The firm has a 50 day moving average of $108.22 and a 200 day moving average of $107.26. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 243.57 and a beta of 0.46.

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

Institutional Trading of Expand Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXE. GAMMA Investing LLC acquired a new stake in Expand Energy during the first quarter valued at $36,507,000. Parallel Advisors LLC purchased a new position in Expand Energy during the first quarter valued at $286,000. Doliver Advisors LP purchased a new position in Expand Energy during the first quarter valued at $446,000. Peoples Bank KS purchased a new position in Expand Energy during the first quarter valued at $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Expand Energy during the first quarter valued at $466,000. 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.