Expand Energy (NASDAQ:EXE) Price Target Raised to $127.00 at Barclays

Expand Energy (NASDAQ:EXE) had its price target increased by Barclays from $125.00 to $127.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

EXE has been the topic of a number of other reports. 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. Wells Fargo & Company set a $123.00 target price on shares of Expand Energy in a report on Monday, February 23rd. Stephens increased their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Sanford C. Bernstein reduced their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $131.27.

Expand Energy Trading Up 0.6%

Shares of NASDAQ EXE opened at $107.71 on Monday. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 14.29 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. The stock’s 50 day simple moving average is $105.92 and its 200 day simple moving average is $107.21.

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

Expand Energy Announces Dividend

The company 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 Activity

In other news, CEO Michael Wichterich purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Expand Energy

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Expand Energy by 2.4% in the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after buying an additional 646,330 shares during the period. Capital Research Global Investors lifted its stake in Expand Energy by 33.2% in the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after acquiring an additional 5,291,948 shares in the last quarter. State Street Corp boosted its position in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Invesco Ltd. boosted its position in Expand Energy by 16.5% during the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after acquiring an additional 619,001 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Expand Energy by 192.0% during the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock valued at $362,683,000 after acquiring an additional 2,160,979 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

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.