Expand Energy (NASDAQ:EXE) Hits New 12-Month Low – Here’s Why

Expand Energy Corporation (NASDAQ:EXE)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $83.70 and last traded at $84.3740, with a volume of 189461 shares traded. The stock had previously closed at $85.31.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXE. UBS Group increased their price objective on Expand Energy from $124.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Truist Financial upped their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial increased their price target on shares of Expand Energy from $145.00 to $147.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 9th. Barclays cut their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Finally, Johnson Rice cut shares of Expand Energy from a “buy” rating to an “accumulate” rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.42.

Expand Energy Stock Down 1.5%

The company has a 50 day moving average of $93.66 and a 200-day moving average of $95.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $19.44 billion, a P/E ratio of 7.25 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, equities analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a dividend of $0.5750 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.7%. Expand Energy’s payout ratio is presently 19.86%.

Institutional Investors Weigh In On Expand Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in shares of Expand Energy by 33.2% during the fourth quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock valued at $2,345,303,000 after purchasing an additional 5,291,948 shares during the period. BlackRock Inc. bought a new stake in Expand Energy during the 2nd quarter valued at $1,778,004,000. Oaktree Capital Management LP boosted its position in Expand Energy by 3.5% during the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after buying an additional 175,114 shares during the period. Bank of New York Mellon Corp grew its holdings in Expand Energy by 94.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after acquiring an additional 2,188,422 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Expand Energy by 192.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

About Expand Energy

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.