Expand Energy (NASDAQ:EXE) Given Sector Weight Rating at KeyCorp

Expand Energy (NASDAQ:EXE)‘s stock had its “sector weight” rating reaffirmed by equities research analysts at KeyCorp in a research report issued on Thursday,Benzinga reports.

Other equities research analysts also recently issued research reports about the company. UBS Group lowered their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company set a $123.00 target price on Expand Energy in a research note on Monday, February 23rd. Citigroup raised their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Jefferies Financial Group reiterated a “buy” rating and set a $141.00 price target on shares of Expand Energy in a research report on Thursday, February 19th. Finally, Stephens boosted their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $131.48.

Expand Energy Price Performance

EXE stock opened at $106.03 on Thursday. The firm has a 50 day moving average of $107.35 and a 200-day moving average of $108.22. The firm has a market capitalization of $25.49 billion, a P/E ratio of 14.06 and a beta of 0.47. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. 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 (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, sell-side analysts predict that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Wichterich purchased 2,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Expand Energy

Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in Expand Energy by 161.5% in the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after buying an additional 9,856,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Expand Energy by 192.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Expand Energy in the 3rd quarter valued at $169,783,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of Expand Energy in the 4th quarter valued at $145,633,000. 97.93% of the stock is currently 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.