Expand Energy (NASDAQ:EXE) Price Target Raised to $114.00

Expand Energy (NASDAQ:EXE) had its price objective increased by Wells Fargo & Company from $112.00 to $114.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research analysts have also recently commented on the company. Morgan Stanley raised their target price on Expand Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. KeyCorp set a $135.00 target price on Expand Energy and gave the stock an “overweight” rating in a research report on Friday, June 13th. Stephens reduced their target price on Expand Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Barclays raised Expand Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. Finally, Truist Financial reduced their target price on Expand Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $127.55.

Expand Energy Trading Up 1.0%

Shares of Expand Energy stock opened at $120.77 on Monday. The company’s fifty day simple moving average is $111.20 and its 200-day simple moving average is $105.52. The company has a market cap of $28.74 billion, a price-to-earnings ratio of -22.53 and a beta of 0.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy has a 1 year low of $81.66 and a 1 year high of $121.10.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. As a group, sell-side analysts expect that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.90%. Expand Energy’s dividend payout ratio is -42.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXE. Vanguard Group Inc. bought a new position in shares of Expand Energy in the first quarter valued at about $2,973,033,000. Price T Rowe Associates Inc. MD bought a new position in shares of Expand Energy in the first quarter valued at about $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Expand Energy in the first quarter valued at about $701,831,000. Wellington Management Group LLP bought a new position in shares of Expand Energy in the first quarter valued at about $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Expand Energy in the first quarter valued at about $518,328,000. 97.93% of the stock is owned by institutional investors.

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.