Expand Energy (NASDAQ:EXE) Price Target Raised to $143.00

by · The Markets Daily

Expand Energy (NASDAQ:EXE – Free Report) had its price target increased by Jefferies Financial Group from $140.00 to $143.00 in a research report released on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. William Blair started coverage on shares of Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. Mizuho lifted their price objective on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Sanford C. Bernstein dropped their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price of $129.28.

View Our Latest Analysis on Expand Energy

Expand Energy Stock Down 2.6%

Shares of NASDAQ:EXE opened at $101.63 on Thursday. The firm has a market cap of $24.21 billion, a P/E ratio of 28.87 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The business has a fifty day simple moving average of $113.45 and a 200 day simple moving average of $106.09.

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

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio is currently 65.34%.

Institutional Trading of Expand Energy

Several large investors have recently made changes to their positions in EXE. AQR Capital Management LLC acquired a new position in Expand Energy during the 1st quarter worth approximately $7,014,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Expand Energy during the first quarter valued at approximately $2,599,000. NewEdge Advisors LLC acquired a new position in shares of Expand Energy during the first quarter worth approximately $1,498,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expand Energy in the 1st quarter worth $208,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Expand Energy in the 1st quarter worth $719,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

About Expand Energy

(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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