Stephens Cuts Expand Energy (NASDAQ:EXE) Price Target to $140.00

Expand Energy (NASDAQ:EXE) had its price target reduced by analysts at Stephens from $143.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price points to a potential upside of 40.17% from the stock’s current price.

Several other analysts have also commented on the stock. Mizuho lifted their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Barclays reduced their price objective on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Morgan Stanley upped their target price on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.75.

Expand Energy Trading Up 0.4%

Shares of EXE stock opened at $99.88 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy has a twelve month low of $91.01 and a twelve month high of $126.62. The company’s 50-day moving average price is $112.22 and its 200-day moving average price is $105.46. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 28.38 and a beta of 0.46.

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

Hedge Funds Weigh In On Expand Energy

Several institutional investors have recently bought and sold shares of the company. Tema Etfs LLC increased its stake in Expand Energy by 1,128.7% during the fourth quarter. Tema Etfs LLC now owns 39,429 shares of the company’s stock worth $4,351,000 after purchasing an additional 36,220 shares during the period. Retireful LLC acquired a new position in shares of Expand Energy in the fourth quarter valued at approximately $832,000. Frank Rimerman Advisors LLC acquired a new position in shares of Expand Energy in the fourth quarter valued at approximately $339,000. Nisa Investment Advisors LLC increased its stake in Expand Energy by 9.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,557 shares of the company’s stock worth $1,607,000 after buying an additional 1,306 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Expand Energy by 38.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,060 shares of the company’s stock worth $1,221,000 after buying an additional 3,060 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

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.