Expand Energy (NASDAQ:EXE) Price Target Raised to $124.00

Expand Energy (NASDAQ:EXE) had its price target raised by Benchmark from $112.00 to $124.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Piper Sandler lowered their price objective on shares of Expand Energy from $137.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a report on Monday, February 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research report on Thursday, February 19th. Finally, Barclays reduced their target price on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Two equities research 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. Based on data from MarketBeat.com, Expand Energy has a consensus rating of “Buy” and an average target price of $130.38.

Expand Energy Trading Up 0.2%

NASDAQ EXE opened at $106.84 on Thursday. Expand Energy has a one year low of $91.01 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $25.68 billion, a P/E ratio of 14.17 and a beta of 0.47. The stock’s 50-day moving average is $106.27 and its 200-day moving average is $106.63.

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, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. Sell-side analysts anticipate that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

Institutional Trading of Expand Energy

A number of institutional investors have recently made changes to their positions in EXE. Atlantic Union Bankshares Corp increased its stake in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Rakuten Securities Inc. lifted its position in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after buying an additional 184 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Expand Energy during the 4th quarter worth about $30,000. Finally, ESL Trust Services LLC bought a new position in shares of Expand Energy in the 3rd quarter valued at about $32,000. Institutional investors own 97.93% of the company’s stock.

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.