Expand Energy Corporation (NASDAQ:EXE) Receives $129.44 Average Target Price from Analysts

Shares of Expand Energy Corporation (NASDAQ:EXE) have earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $129.20.

A number of brokerages have recently commented on EXE. Morgan Stanley raised their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Citigroup raised their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Mizuho raised their target price on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th.

Institutional Investors Weigh In On Expand Energy

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

Expand Energy Stock Performance

NASDAQ EXE opened at $106.82 on Tuesday. The firm has a market capitalization of $25.44 billion, a P/E ratio of 30.35 and a beta of 0.46. The stock has a 50-day simple moving average of $113.19 and a two-hundred day simple moving average of $106.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. 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 posted its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. On average, equities analysts forecast that Expand Energy will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were 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 was Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

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.