Expand Energy (NASDAQ:EXE) Price Target Cut to $140.00 by Analysts at Stephens

Expand Energy (NASDAQ:EXE) had its target price cut by Stephens from $143.00 to $140.00 in a research note released on Tuesday morning, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. UBS Group dropped their price objective on Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Citigroup boosted their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Morgan Stanley lifted their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.75.

Expand Energy Trading Up 4.9%

NASDAQ:EXE opened at $104.75 on Tuesday. Expand Energy has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s fifty day moving average is $111.94 and its 200-day moving average is $105.43. The firm has a market cap of $24.95 billion, a P/E ratio of 29.76 and a beta of 0.46.

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

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXE. Siemens Fonds Invest GmbH grew its holdings in shares of Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares during the last quarter. Hara Capital LLC lifted its position in Expand Energy by 3.3% in the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after purchasing an additional 100 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Expand Energy by 5.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.