Expand Energy Corporation (NASDAQ:EXE) Stock Has Average Target Price of $127.42

Shares of Expand Energy Corporation (NASDAQ:EXE) have earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $125.53.

Several equities research analysts have issued reports on EXE shares. Truist Financial dropped their target price on Expand Energy from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group reduced their price target on Expand Energy from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and decreased their price objective for the company from $135.00 to $125.00 in a research note on Monday, August 17th. The Goldman Sachs Group increased their price objective on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Raymond James Financial cut their target price on Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating for the company in a research note on Monday.

Expand Energy Stock Performance

NASDAQ EXE opened at $86.43 on Thursday. The firm has a market cap of $20.01 billion, a P/E ratio of 7.46 and a beta of 0.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $93.07 and its 200-day moving average is $94.54. Expand Energy has a 12-month low of $83.25 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Sell-side analysts predict that Expand Energy will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

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

Hedge Funds Weigh In On Expand Energy

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Expand Energy by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,377 shares of the company’s stock valued at $490,000 after acquiring an additional 105 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Expand Energy by 25.8% in the fourth quarter. Root Financial Partners LLC now owns 561 shares of the company’s stock worth $62,000 after purchasing an additional 115 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Expand Energy by 1.2% in the second quarter. QRG Capital Management Inc. now owns 10,361 shares of the company’s stock worth $945,000 after purchasing an additional 127 shares during the last quarter. Parallel Advisors LLC increased its holdings in Expand Energy by 8.8% during the 1st quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock valued at $209,000 after purchasing an additional 154 shares during the period. Finally, Cidel Asset Management Inc. increased its holdings in Expand Energy by 2.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,054 shares of the company’s stock valued at $734,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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.