Analysts Set Expand Energy Corporation (NASDAQ:EXE) Target Price at $130.33

Expand Energy Corporation (NASDAQ:EXE) has been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $130.3333.

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Expand Energy from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Barclays reduced their price target on Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Stephens dropped their target price on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Expand Energy in a research report on Wednesday, January 14th.

Institutional Trading of Expand Energy

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

Expand Energy Price Performance

Shares of Expand Energy stock opened at $112.36 on Friday. The company’s fifty day simple moving average is $111.32 and its two-hundred day simple moving average is $105.54. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The firm has a market cap of $26.76 billion, a PE ratio of 31.92 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.98 billion. As a group, equities analysts expect that Expand Energy will post 1.33 EPS for the current year.

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.