Expand Energy Corporation (NASDAQ:EXE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Expand Energy Corporation (NASDAQ:EXE) have been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $128.32.

Several equities research analysts recently issued reports on EXE shares. Jefferies Financial Group lowered their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company raised Expand Energy to a “hold” rating in a research note on Thursday, October 16th. William Blair began coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating for the company. Barclays decreased their price objective on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Monday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EXE. Mutual of America Capital Management LLC purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $8,772,000. Cetera Investment Advisers acquired a new position in Expand Energy during the first quarter worth $2,313,000. Harbour Investments Inc. purchased a new stake in Expand Energy in the 1st quarter valued at $27,000. US Bancorp DE purchased a new stake in Expand Energy in the 1st quarter valued at $1,860,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Expand Energy in the 1st quarter worth $1,274,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

NASDAQ:EXE opened at $122.09 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $29.08 billion, a PE ratio of 34.68 and a beta of 0.45. Expand Energy has a fifty-two week low of $91.01 and a fifty-two week high of $124.89. The company has a fifty day moving average of $110.35 and a two-hundred day moving average of $107.33.

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

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio 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.