Expand Energy Corporation (NASDAQ:EXE) Stock Has Average Target Price of $127.42 According to Brokerages

Shares of Expand Energy Corporation (NASDAQ:EXE) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $126.79.

Several brokerages recently issued reports on EXE. Raymond James Financial raised their target price on shares of Expand Energy from $145.00 to $147.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 9th. Benchmark decreased their price objective on Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Roth Capital reaffirmed a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Morgan Stanley decreased their price target on Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. Finally, Jefferies Financial Group dropped their price objective on shares of Expand Energy from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $85.52 on Thursday. Expand Energy has a 52 week low of $83.25 and a 52 week high of $126.62. The business’s 50 day moving average price is $93.15 and its 200 day moving average price is $94.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $19.80 billion, a P/E ratio of 7.39 and a beta of 0.41.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, sell-side analysts expect that Expand Energy will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.5750 per share. This represents a $2.30 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is currently 19.86%.

Institutional Trading of Expand Energy

Several institutional investors have recently bought and sold shares of EXE. CX Institutional lifted its position in shares of Expand Energy by 46.3% during the 3rd quarter. CX Institutional now owns 758 shares of the company’s stock valued at $64,000 after buying an additional 240 shares in the last quarter. Private Client Services LLC acquired a new position in Expand Energy during the third quarter worth $216,000. Versant Capital Management Inc lifted its holdings in Expand Energy by 490.1% during the third quarter. Versant Capital Management Inc now owns 950 shares of the company’s stock valued at $80,000 after purchasing an additional 789 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Expand Energy in the third quarter valued at about $42,000. Finally, Doliver Advisors LP grew its position in shares of Expand Energy by 2.1% in the third quarter. Doliver Advisors LP now owns 9,602 shares of the company’s stock valued at $807,000 after purchasing an additional 194 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

About Expand Energy

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.