KeyCorp Issues Pessimistic Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its price objective lowered by analysts at KeyCorp from $135.00 to $127.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 31.39% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their price target on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Bernstein Bank cut their price objective on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Capital One Financial dropped their price target on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Finally, Barclays increased their price target on shares of Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Expand Energy has a consensus rating of “Buy” and an average target price of $127.12.

Expand Energy Stock Down 0.4%

Expand Energy stock opened at $96.66 on Wednesday. The company has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $106.40. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy has a 1-year low of $69.12 and a 1-year high of $123.35. The company has a market cap of $23.02 billion, a P/E ratio of 247.85 and a beta of 0.46.

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

Insiders Place Their Bets

In other news, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer directly owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Expand Energy

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in shares of Expand Energy by 81.7% during the second quarter. Osaic Holdings Inc. now owns 22,472 shares of the company’s stock worth $2,628,000 after purchasing an additional 10,103 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Expand Energy by 20.0% in the second quarter. Orion Porfolio Solutions LLC now owns 26,307 shares of the company’s stock valued at $3,076,000 after buying an additional 4,382 shares during the period. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Expand Energy during the second quarter worth approximately $1,976,000. Cim Investment Management Inc. grew its position in Expand Energy by 100.8% during the second quarter. Cim Investment Management Inc. now owns 4,549 shares of the company’s stock worth $492,000 after buying an additional 2,283 shares in the last quarter. Finally, Marex Group plc bought a new position in Expand Energy during the 2nd quarter worth $6,990,000. 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.