Expand Energy (NASDAQ:EXE) Price Target Raised to $138.00

Expand Energy (NASDAQ:EXE) had its target price raised by Piper Sandler from $136.00 to $138.00 in a research report sent to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

EXE has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Citigroup lifted their price target on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. UBS Group cut their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Mizuho upped their price objective on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Benchmark raised their target price on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $131.17.

Expand Energy Price Performance

NASDAQ EXE opened at $107.02 on Thursday. The stock has a market capitalization of $25.73 billion, a P/E ratio of 14.19 and a beta of 0.47. Expand Energy has a 1 year low of $91.01 and a 1 year high of $126.62. The business’s fifty day moving average is $105.91 and its two-hundred day moving average is $107.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating 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, research analysts forecast that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is 30.50%.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Expand Energy

Several hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its position in Expand Energy by 12.8% during the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after purchasing an additional 13,670 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after buying an additional 5,020 shares in the last quarter. Candriam S.C.A. lifted its position in Expand Energy by 59.0% in the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after buying an additional 11,428 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Expand Energy during the 2nd quarter valued at $3,347,000. Finally, Intech Investment Management LLC boosted its stake in shares of Expand Energy by 513.9% during the 3rd quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock valued at $3,908,000 after buying an additional 30,790 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

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.