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

Expand Energy Corporation (NASDAQ:EXE) has been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $130.3333.

EXE has been the topic of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Barclays decreased their price target on shares of Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday. Piper Sandler upped 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. Stephens cut their price objective on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Sanford C. Bernstein decreased their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th.

Expand Energy Price Performance

NASDAQ:EXE opened at $109.49 on Friday. The stock has a 50 day moving average of $111.42 and a two-hundred day moving average of $105.49. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The firm has a market cap of $26.08 billion, a P/E ratio of 31.11 and a beta of 0.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, analysts expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

Institutional Trading of Expand Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Expand Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock valued at $2,965,510,000 after acquiring an additional 646,330 shares during the last quarter. Capital Research Global Investors increased its position in Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after purchasing an additional 9,856,576 shares during the last quarter. State Street Corp raised its stake in Expand Energy by 8.3% during the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after purchasing an additional 1,014,484 shares during the period. Geode Capital Management LLC boosted its holdings 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, Massachusetts Financial Services Co. MA increased its holdings in shares of Expand Energy by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after buying an additional 740,502 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

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.