Expand Energy (NASDAQ:EXE) Price Target Raised to $127.00 at Barclays

Expand Energy (NASDAQ:EXE) had its price objective lifted by equities research analysts at Barclays from $125.00 to $127.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 17.00% from the company’s previous close.

A number of other brokerages also recently commented on EXE. Stephens boosted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. UBS Group cut their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Benchmark lifted their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $131.26.

Expand Energy Stock Up 1.4%

NASDAQ EXE traded up $1.53 during trading on Monday, reaching $108.55. 1,166,845 shares of the company’s stock were exchanged, compared to its average volume of 3,709,481. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company’s fifty day simple moving average is $105.91 and its 200-day simple moving average is $107.14. The firm has a market capitalization of $26.09 billion, a PE ratio of 14.43 and a beta of 0.47.

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

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $107.50 per share, with a total value of $215,000.00. Following the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expand Energy

Several hedge funds have recently modified their holdings of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy during the first quarter worth $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in Expand Energy in the 1st quarter valued at $208,000. Focus Partners Wealth acquired a new stake in Expand Energy in the 1st quarter worth $205,000. Geneos Wealth Management Inc. acquired a new stake in Expand Energy in the 1st quarter worth $79,000. Finally, Allworth Financial LP increased its holdings in shares of Expand Energy by 163.2% during the 2nd quarter. Allworth Financial LP now owns 1,474 shares of the company’s stock worth $172,000 after purchasing an additional 914 shares during the period. 97.93% of the stock is owned by institutional investors.

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.