Expand Energy Corporation (NASDAQ:EXE) Receives Consensus Rating of “Moderate Buy” from Analysts

Expand Energy Corporation (NASDAQ:EXE) has received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $131.0909.

Several equities research analysts have issued reports on EXE shares. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Truist Financial reissued a “buy” rating and set a $134.00 target price (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Benchmark lifted their target price on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th.

Insiders Place Their Bets

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 4,000 shares of company stock worth $375,120 in the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH boosted its holdings in Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 88 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in Expand Energy by 1.0% in the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after buying an additional 100 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. McGowan Group Asset Management Inc. lifted its stake in Expand Energy by 0.4% in the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after buying an additional 105 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in Expand Energy by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after buying an additional 108 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $87.54 on Tuesday. The stock has a market capitalization of $20.94 billion, a P/E ratio of 6.53 and a beta of 0.33. Expand Energy has a twelve month low of $86.37 and a twelve month high of $126.62. The company has a 50 day moving average of $93.61 and a 200-day moving average of $101.98. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, equities research analysts forecast that Expand Energy will post 8.7 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Expand Energy Company Profile

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.