Piper Sandler Issues Pessimistic Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its price target dropped by research analysts at Piper Sandler from $137.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 27.29% from the stock’s previous close.

EXE has been the subject of a number of other reports. Jefferies Financial Group reiterated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research report on Thursday, February 19th. Sanford C. Bernstein decreased their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Citigroup boosted their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Stephens upped their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Finally, UBS Group reduced their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $130.38.

Expand Energy Stock Up 0.2%

NASDAQ EXE opened at $106.84 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 14.17 and a beta of 0.47. The company has a 50 day moving average of $106.27 and a 200-day moving average of $106.53. Expand Energy has a 1-year low of $91.01 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. On average, equities research analysts expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of Expand Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Siemens Fonds Invest GmbH increased its holdings in shares of Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after buying 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 acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board grew its position in Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after acquiring an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Finally, McGowan Group Asset Management Inc. grew its position in Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

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.