Analysts Set Expand Energy Corporation (NASDAQ:EXE) Target Price at $130.19

Expand Energy Corporation (NASDAQ:EXE) has been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $130.1875.

Several research firms have recently weighed in on EXE. Morgan Stanley dropped their target price on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. UBS Group reduced their price target on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Finally, Truist Financial cut their target price on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, July 10th.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the transaction, the chief financial officer owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% 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. Also, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,000 shares of company stock worth $375,120 over the last three months. 0.22% of the stock is owned by insiders.

Institutional Trading of Expand Energy

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Expand Energy in the 1st quarter valued at approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expand Energy during the first quarter worth $208,000. Focus Partners Wealth acquired a new stake in Expand Energy during the first quarter valued at $205,000. Geneos Wealth Management Inc. acquired a new stake in Expand Energy during the first quarter valued at $79,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Expand Energy during the second quarter valued at $757,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Trading Down 1.3%

NASDAQ:EXE opened at $86.95 on Friday. The stock has a fifty day simple moving average of $91.11 and a 200 day simple moving average of $99.69. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 6.48 and a beta of 0.34. Expand Energy has a 1-year low of $84.99 and a 1-year high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Sell-side analysts forecast that Expand Energy will post 8.4 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s payout ratio is currently 17.15%.

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.