Expand Energy (NASDAQ:EXE) Given New $138.00 Price Target at Mizuho

Expand Energy (NASDAQ:EXE) had its target price cut by Mizuho from $145.00 to $138.00 in a research note released on Tuesday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on EXE. Citigroup dropped their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. The Goldman Sachs Group lifted 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. Barclays dropped their price target on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Johnson Rice cut Expand Energy from a “buy” rating to an “accumulate” rating and cut their price target for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Finally, Jefferies Financial Group reduced their price objective on shares of Expand Energy from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.32.

Expand Energy Trading Up 2.1%

EXE opened at $88.23 on Tuesday. Expand Energy has a twelve month low of $83.25 and a twelve month high of $126.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $93.07 and a 200-day moving average of $94.42. The stock has a market cap of $20.43 billion, a PE ratio of 7.62 and a beta of 0.41.

Expand Energy (NASDAQ:EXE) last released its 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. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, sell-side analysts predict that Expand Energy will post 8.79 EPS for the current year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a $0.5750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.6%. Expand Energy’s dividend payout ratio is presently 19.86%.

Institutional Investors Weigh In On Expand Energy

Several hedge funds and other institutional investors have recently modified their holdings of EXE. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Expand Energy by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,377 shares of the company’s stock valued at $490,000 after acquiring an additional 105 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Expand Energy by 1.2% during the second quarter. QRG Capital Management Inc. now owns 10,361 shares of the company’s stock worth $945,000 after acquiring an additional 127 shares during the period. Parallel Advisors LLC boosted its position in Expand Energy by 8.8% in the first quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock worth $209,000 after purchasing an additional 154 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Expand Energy by 2.4% in the second quarter. Cidel Asset Management Inc. now owns 8,054 shares of the company’s stock worth $734,000 after purchasing an additional 189 shares during the last quarter. Finally, Doliver Advisors LP grew its stake in Expand Energy by 2.1% in the 3rd quarter. Doliver Advisors LP now owns 9,602 shares of the company’s stock valued at $807,000 after purchasing an additional 194 shares during the period. Institutional investors own 97.93% of the company’s stock.

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.