Expand Energy Corporation (NASDAQ:EXE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Expand Energy Corporation (NASDAQ:EXE) has received an average rating of “Moderate Buy” from the twenty analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $129.00.

Several analysts have weighed in on the stock. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. UBS Group reduced their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Roth Capital restated a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, Citigroup dropped their price target on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expand Energy in the 1st quarter valued at about $208,000. Focus Partners Wealth bought a new position in shares of Expand Energy in the first quarter worth about $205,000. Geneos Wealth Management Inc. bought a new position in shares of Expand Energy in the first quarter worth about $79,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Expand Energy during the second quarter worth approximately $757,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Up 0.7%

Shares of NASDAQ EXE opened at $98.24 on Wednesday. The stock has a market cap of $22.74 billion, a PE ratio of 8.48 and a beta of 0.34. The business has a fifty day moving average of $90.06 and a two-hundred day moving average of $98.32. Expand Energy has a 52-week low of $84.99 and a 52-week high of $126.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion for 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%. As a group, equities research analysts expect that Expand Energy will post 8.92 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is currently 19.86%.

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.