Piper Sandler Cuts Expand Energy (NASDAQ:EXE) Price Target to $136.00

Expand Energy (NASDAQ:EXE) had its target price reduced by Piper Sandler from $137.00 to $136.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on EXE. Jefferies Financial Group reissued a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research report on Thursday, February 19th. Citigroup boosted their price target on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Stephens increased their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Finally, Benchmark reissued a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $130.38.

Expand Energy Trading Up 0.2%

NASDAQ EXE opened at $106.84 on Thursday. The business’s 50-day moving average price is $106.27 and its two-hundred day moving average price is $106.63. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The firm has a market capitalization of $25.68 billion, a PE ratio of 14.17 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, analysts expect that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s dividend payout ratio (DPR) is presently 30.50%.

Institutional Trading of Expand Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp raised its stake in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. Assetmark Inc. boosted its position in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after buying an additional 184 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy during the fourth quarter worth $30,000. Finally, Abound Wealth Management grew its holdings in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

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.