Expand Energy (NASDAQ:EXE) Price Target Raised to $138.00 at Piper Sandler

Expand Energy (NASDAQ:EXE) had its price target upped by Piper Sandler from $136.00 to $138.00 in a research note issued to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the company. UBS Group reduced their target price on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Barclays cut their price objective on Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Jefferies Financial Group restated a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Citigroup lifted their target price on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Benchmark upped their target price on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $131.17.

Expand Energy Stock Down 0.7%

NASDAQ:EXE opened at $107.83 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy has a twelve month low of $91.01 and a twelve month high of $126.62. The company has a market cap of $25.92 billion, a PE ratio of 14.30 and a beta of 0.47. The company’s 50 day moving average is $105.96 and its two-hundred day moving average is $106.89.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Analysts anticipate that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is presently 30.50%.

Insider Activity

In related news, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp grew its stake in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Expand Energy in the 4th quarter valued at $30,000. ESL Trust Services LLC acquired a new position in shares of Expand Energy in the 3rd quarter valued at $32,000. Finally, Abound Wealth Management boosted its holdings in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other 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.