Expand Energy (NASDAQ:EXE) Stock Price Expected to Rise, Mizuho Analyst Says

Expand Energy (NASDAQ:EXE) had its price objective lifted by analysts at Mizuho from $141.00 to $142.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 26.89% from the company’s current price.

A number of other research analysts also recently issued reports on EXE. UBS Group raised their price target on shares of Expand Energy from $144.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley raised their target price on shares of Expand Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 target price for the company in a research note on Thursday, May 22nd. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the stock a “buy” rating in a research report on Saturday, June 14th. Finally, TD Cowen raised Expand Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $108.00 to $116.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $128.40.

Expand Energy Stock Down 4.3%

Expand Energy stock traded down $5.04 during midday trading on Tuesday, hitting $111.91. The stock had a trading volume of 2,295,265 shares, compared to its average volume of 3,371,498. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $113.80 and a 200 day moving average price of $106.87. Expand Energy has a 12 month low of $81.66 and a 12 month high of $123.35. The stock has a market cap of $26.63 billion, a P/E ratio of -20.90 and a beta of 0.49.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. Research analysts predict that Expand Energy will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXE. Miracle Mile Advisors LLC bought a new position in shares of Expand Energy during the 1st quarter valued at about $1,538,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Expand Energy during the first quarter valued at approximately $485,000. Exchange Traded Concepts LLC acquired a new stake in Expand Energy during the first quarter valued at approximately $408,000. Ritholtz Wealth Management bought a new stake in Expand Energy during the first quarter worth approximately $256,000. Finally, Farther Finance Advisors LLC acquired a new position in Expand Energy in the first quarter worth approximately $439,000. 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.