Expand Energy (NASDAQ:EXE) Price Target Raised to $143.00 at Jefferies Financial Group

Expand Energy (NASDAQ:EXE) had its price objective increased by Jefferies Financial Group from $140.00 to $143.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Sanford C. Bernstein decreased their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. William Blair began coverage on shares of Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating for the company. Piper Sandler increased their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. Finally, Morgan Stanley lifted their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.28.

Expand Energy Stock Performance

Expand Energy stock opened at $104.30 on Thursday. 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 company has a market capitalization of $24.84 billion, a PE ratio of 29.63 and a beta of 0.46. The company has a 50 day moving average price of $113.48 and a 200-day moving average price of $106.34. Expand Energy has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Expand Energy will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is currently 65.34%.

Institutional Investors Weigh In On Expand Energy

A number of large investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH boosted its stake in Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after purchasing an additional 88 shares in the last quarter. Hara Capital LLC raised its holdings in shares of Expand Energy by 3.3% in the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Expand Energy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after buying an additional 100 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Expand Energy by 5.2% during the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after buying an additional 108 shares during the period. Finally, Uncommon Cents Investing LLC grew its holdings in shares of Expand Energy by 6.0% during the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors 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.