Expand Energy Corporation (NASDAQ:EXE) Receives $128.32 Consensus PT from Brokerages

Expand Energy Corporation (NASDAQ:EXE) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $128.32.

A number of brokerages have issued reports on EXE. KeyCorp reduced their price objective on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Jefferies Financial Group cut their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 1st. UBS Group lifted their price objective on shares of Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Piper Sandler increased their target price 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.

Expand Energy Trading Up 0.6%

NASDAQ:EXE opened at $122.86 on Friday. Expand Energy has a 52 week low of $91.01 and a 52 week high of $126.62. The firm has a 50-day moving average price of $110.69 and a two-hundred day moving average price of $107.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 34.90 and a beta of 0.45.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $2.97 billion during 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 expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

Institutional Trading of Expand Energy

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Expand Energy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after purchasing an additional 646,330 shares during the period. Capital Research Global Investors lifted its holdings in shares of Expand Energy by 161.5% in the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after buying an additional 9,856,576 shares in the last quarter. State Street Corp boosted its position in shares of Expand Energy by 8.3% in the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Expand Energy during the first quarter valued at approximately $1,310,932,000. Finally, T. Rowe Price Investment Management Inc. bought a new stake in Expand Energy during the 1st quarter worth approximately $701,831,000. 97.93% of the stock is currently owned by institutional investors.

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.