Expand Energy Corporation (NASDAQ:EXE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Expand Energy Corporation (NASDAQ:EXE) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $128.24.

A number of brokerages recently issued reports on EXE. Mizuho set a $136.00 price target on Expand Energy in a report on Monday, September 15th. Barclays lowered their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. William Blair began coverage on Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating on the stock. UBS Group lifted their price objective on Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th.

Insider Activity at Expand Energy

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joshua J. Viets purchased 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares in the company, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Expand Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXE. Harbour Investments Inc. acquired a new position in shares of Expand Energy during the first quarter valued at about $27,000. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the 1st quarter worth approximately $27,000. Quarry LP purchased a new stake in Expand Energy during the 1st quarter worth approximately $28,000. Cheviot Value Management LLC acquired a new position in Expand Energy during the 1st quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of Expand Energy in the first quarter worth $29,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Up 1.7%

Shares of NASDAQ EXE opened at $112.45 on Monday. Expand Energy has a 1 year low of $91.01 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $26.78 billion, a P/E ratio of 31.95 and a beta of 0.47. The firm has a 50-day simple moving average of $102.59 and a two-hundred day simple moving average of $106.06.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. Research analysts anticipate that Expand Energy will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

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.