Expand Energy Corporation (NASDAQ:EXE – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.5750 per share on Thursday, December 3rd. This represents a $2.30 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, November 12th.
Expand Energy Stock Up 1.6%
Shares of EXE opened at $85.96 on Tuesday. Expand Energy has a 52-week low of $83.25 and a 52-week high of $126.62. The company has a market capitalization of $19.85 billion, a PE ratio of 10.13 and a beta of 0.40. The stock has a fifty day simple moving average of $90.80 and a two-hundred day simple moving average of $96.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24.
Expand Energy (NASDAQ:EXE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.29 by $0.17. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $2.85 billion. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. As a group, equities analysts forecast that Expand Energy will post 8.73 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Wolfe Research reiterated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Roth Capital reiterated a “neutral” rating and issued a $93.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price target on shares of Expand Energy in a research note on Tuesday, October 20th. Truist Financial upped their target price on shares of Expand Energy from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, Freedom Broker raised shares of Expand Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average price target of $123.00.
View Our Latest Analysis on Expand Energy
Expand Energy Company Profile
Expand Energy Corporation is an independent natural gas exploration and production company focused on developing U.S. shale resources. Its activities include acquiring, exploring and operating oil and natural gas properties, with natural gas as its primary product.
The company’s operations are concentrated in the Haynesville region of Louisiana and the Appalachia region, which includes the Marcellus and Utica formations. Its production supports the domestic natural gas market and related energy infrastructure.
Expand Energy was formed in 2024 through the merger of Chesapeake Energy and Southwestern Energy.
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