Truist Financial Issues Pessimistic Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXEGet Free Report) had its price target decreased by Truist Financial from $136.00 to $133.00 in a research report issued on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 34.36% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group lowered their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Stephens increased their target price on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.05.

Read Our Latest Report on EXE

Expand Energy Stock Performance

Shares of EXE stock opened at $98.99 on Thursday. The stock has a market capitalization of $23.80 billion, a P/E ratio of 13.13 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 firm’s 50 day moving average is $106.15 and its 200 day moving average is $108.32. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. On average, sell-side analysts anticipate that Expand Energy will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Expand Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. McAlvany Wealth Management LLC purchased a new stake in shares of Expand Energy during the 4th quarter valued at $1,715,000. Rockefeller Capital Management L.P. grew its holdings in shares of Expand Energy by 32.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 17,431 shares of the company’s stock valued at $1,924,000 after purchasing an additional 4,292 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Expand Energy during the 4th quarter valued at $209,000. EJMK Ventures LLC bought a new position in shares of Expand Energy during the 4th quarter valued at $385,000. Finally, Fearnley Asset Management AS bought a new position in shares of Expand Energy during the 4th quarter valued at $12,136,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

More Expand Energy News

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Expand Energy Company Profile

(Get Free Report)

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.

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