Expand Energy (NASDAQ:EXE) Stock Price Target Cut by Mizuho

Expand Energy (NASDAQ:EXE) had its target price cut by research analysts at Mizuho from $145.00 to $138.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 56.60% from the company’s previous close.

Several other brokerages also recently commented on EXE. Morgan Stanley reduced their target price on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. UBS Group decreased their target price on Expand Energy from $129.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. The Goldman Sachs Group increased their target price on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Barclays decreased their price objective on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Finally, Citigroup dropped their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Expand Energy presently has an average rating of “Moderate Buy” and an average target price of $125.32.

Expand Energy Stock Performance

EXE opened at $88.12 on Tuesday. Expand Energy has a 12-month low of $83.25 and a 12-month high of $126.62. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 7.61 and a beta of 0.41. The business has a 50 day moving average of $92.98 and a 200-day moving average of $94.28. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, equities research analysts expect that Expand Energy will post 8.59 earnings per share for the current year.

Institutional Trading of Expand Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Investors Research Corp bought a new position in Expand Energy in the third quarter valued at about $551,000. CX Institutional raised its stake in Expand Energy by 46.3% during the third quarter. CX Institutional now owns 758 shares of the company’s stock worth $64,000 after acquiring an additional 240 shares in the last quarter. Private Client Services LLC bought a new position in shares of Expand Energy in the third quarter worth about $216,000. Versant Capital Management Inc lifted its holdings in shares of Expand Energy by 490.1% in the third quarter. Versant Capital Management Inc now owns 950 shares of the company’s stock worth $80,000 after acquiring an additional 789 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new stake in shares of Expand Energy in the 3rd quarter valued at approximately $42,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Company Profile

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.