Expand Energy (NASDAQ:EXE) Stock Gets Price Target Cut from Morgan Stanley

Expand Energy (NASDAQ:EXE) had its price target cut by Morgan Stanley from $129.00 to $124.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Sanford C. Bernstein decreased their price target on Expand Energy from $160.00 to $127.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Raymond James Financial cut their price objective on Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 5th. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and reduced their target price for the stock from $135.00 to $125.00 in a report on Monday, August 17th. The Goldman Sachs Group boosted their target price on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Benchmark decreased their target price on Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.89.

Expand Energy Stock Performance

Shares of EXE opened at $93.41 on Thursday. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 8.07 and a beta of 0.41. The company’s fifty day moving average is $92.65 and its 200-day moving average is $93.42. 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 has a 12 month low of $83.25 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Equities analysts expect that Expand Energy will post 8.56 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were issued a dividend of $0.5750 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, August 13th. Expand Energy’s dividend payout ratio is 19.86%.

Institutional Investors Weigh In On Expand Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Bank Wealth Management grew its holdings in Expand Energy by 12.5% in the 3rd quarter. Alpine Bank Wealth Management now owns 2,587 shares of the company’s stock valued at $218,000 after buying an additional 287 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Expand Energy by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 15,345 shares of the company’s stock worth $1,290,000 after buying an additional 269 shares during the last quarter. Howard Capital Management LLC acquired a new position in shares of Expand Energy during the third quarter worth approximately $6,118,000. Quattro Financial Advisors LLC boosted its position in shares of Expand Energy by 50.8% in the third quarter. Quattro Financial Advisors LLC now owns 16,828 shares of the company’s stock valued at $1,415,000 after acquiring an additional 5,670 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Expand Energy by 22.2% in the third quarter. V Square Quantitative Management LLC now owns 3,861 shares of the company’s stock valued at $325,000 after acquiring an additional 702 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

About Expand Energy

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.