Expand Energy (NASDAQ:EXE) Price Target Cut to $144.00 by Analysts at Sanford C. Bernstein

Expand Energy (NASDAQ:EXE) had its price target lowered by investment analysts at Sanford C. Bernstein from $145.00 to $144.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 31.18% from the company’s current price.

Several other research analysts have also commented on the stock. Jefferies Financial Group decreased their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Barclays lowered their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. UBS Group boosted their price objective on Expand Energy from $132.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Finally, Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.20.

Expand Energy Trading Down 0.5%

Shares of EXE stock opened at $109.77 on Monday. The firm’s 50 day moving average price is $113.13 and its two-hundred day moving average price is $106.57. The stock has a market cap of $26.14 billion, a price-to-earnings ratio of 31.18 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 fifty-two week low of $91.01 and a fifty-two week high of $126.62.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC acquired a new position in Expand Energy during the first quarter worth $312,000. Plato Investment Management Ltd acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $503,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Expand Energy during the 2nd quarter worth approximately $209,000. Confluence Investment Management LLC bought a new position in shares of Expand Energy in the second quarter valued at $820,000. Finally, Nordea Investment Management AB raised its position in Expand Energy by 52.0% during the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock worth $1,810,000 after acquiring an additional 5,234 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

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.