Expand Energy Corporation (NASDAQ:EXE) Receives $130.33 Consensus Target Price from Brokerages

Expand Energy Corporation (NASDAQ:EXE) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $130.2917.

EXE has been the topic of several research reports. Sanford C. Bernstein dropped their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Piper Sandler lowered their price objective on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Wednesday. Mizuho increased their target price on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. UBS Group reduced their target price on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 29th.

Institutional Investors Weigh In On Expand Energy

Several hedge funds have recently modified their holdings of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Expand Energy in the 1st quarter valued at $2,599,000. Ashton Thomas Private Wealth LLC purchased a new stake in Expand Energy during the first quarter valued at about $208,000. Focus Partners Wealth acquired a new position in shares of Expand Energy in the first quarter worth about $205,000. Geneos Wealth Management Inc. purchased a new position in shares of Expand Energy in the first quarter worth approximately $79,000. Finally, GAMMA Investing LLC raised its holdings in shares of Expand Energy by 24.1% during the second quarter. GAMMA Investing LLC now owns 3,657 shares of the company’s stock valued at $428,000 after acquiring an additional 711 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

Shares of NASDAQ EXE opened at $109.66 on Friday. Expand Energy has a 1 year low of $91.01 and a 1 year high of $126.62. The firm has a market cap of $26.12 billion, a P/E ratio of 31.15 and a beta of 0.46. The stock has a fifty day moving average price of $111.00 and a two-hundred day moving average price of $105.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Research analysts forecast that Expand Energy will post 1.33 EPS for the current fiscal year.

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.