Morgan Stanley Issues Pessimistic Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its price objective dropped by equities research analysts at Morgan Stanley from $129.00 to $124.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 36.62% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Truist Financial reduced their price objective on shares of Expand Energy from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Mizuho lowered their target price on Expand Energy from $145.00 to $138.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Wolfe Research reiterated an “outperform” rating and set a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. The Goldman Sachs Group upped their target price on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Roth Capital reissued a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and an average price target of $122.89.

Expand Energy Stock Down 0.4%

EXE traded down $0.35 during trading hours on Thursday, hitting $90.76. 913,971 shares of the company’s stock were exchanged, compared to its average volume of 3,538,964. Expand Energy has a 1-year low of $83.25 and a 1-year high of $126.62. The stock’s 50-day moving average is $92.67 and its two-hundred day moving average is $93.57. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 7.84 and a beta of 0.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Sell-side analysts predict that Expand Energy will post 8.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Expand Energy during the second quarter worth $1,778,004,000. Bank of New York Mellon Corp acquired a new position in shares of Expand Energy in the second quarter valued at $267,109,000. Bank of America Corp DE acquired a new position in shares of Expand Energy in the second quarter valued at $150,896,000. Man Group plc acquired a new position in shares of Expand Energy in the second quarter valued at $148,227,000. Finally, Deutsche Bank AG bought a new position in shares of Expand Energy in the second quarter valued at about $111,152,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Company Profile

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.