Expand Energy (NASDAQ:EXE) Reaches New 12-Month Low – Should You Sell?

Expand Energy Corporation (NASDAQ:EXE) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $86.42 and last traded at $86.8540, with a volume of 459888 shares traded. The stock had previously closed at $87.46.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $141.00 price target on shares of Expand Energy in a research report on Thursday, February 19th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Morgan Stanley reduced their price target on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Truist Financial restated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Expand Energy Trading Up 0.6%

The stock has a market capitalization of $21.04 billion, a P/E ratio of 6.56 and a beta of 0.33. The stock has a 50-day moving average price of $95.28 and a two-hundred day moving average price of $103.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, research analysts forecast that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 4,000 shares of company stock worth $375,120. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Expand Energy

Institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Expand Energy in the fourth quarter worth $30,000. Finally, Ascentis Independent Advisors bought a new position in Expand Energy in the first quarter worth $32,000. Institutional investors own 97.93% of the company’s stock.

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.