Piper Sandler Cuts Expand Energy (NASDAQ:EXE) Price Target to $136.00

Expand Energy (NASDAQ:EXE) had its target price lowered by Piper Sandler from $140.00 to $136.00 in a research report sent to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

EXE has been the subject of several other research reports. Roth Capital set a $125.00 price objective on Expand Energy in a report on Wednesday, July 30th. UBS Group upped their price objective on Expand Energy from $144.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 1st. Siebert Williams Shank cut their price objective on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 price objective for the company in a report on Thursday, May 22nd. Finally, Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Wednesday. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $128.96.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $95.13 on Thursday. Expand Energy has a 1-year low of $69.12 and a 1-year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The business’s fifty day moving average price is $107.78 and its two-hundred day moving average price is $107.24. The firm has a market capitalization of $22.66 billion, a PE ratio of 243.93 and a beta of 0.46.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is 589.74%.

Hedge Funds Weigh In On Expand Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Expand Energy by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after purchasing an additional 559,887 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Expand Energy in the 1st quarter valued at $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in Expand Energy in the 1st quarter valued at $701,831,000. Geode Capital Management LLC raised its position in Expand Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after purchasing an additional 170,222 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Expand Energy in the 1st quarter valued at $624,083,000. Institutional investors own 97.93% of the company’s stock.

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.