Expand Energy (NASDAQ:EXE) Stock Rating Upgraded by Truist Financial

Expand Energy (NASDAQ:EXE) was upgraded by research analysts at Truist Financial to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research report on Monday, February 23rd. Stephens boosted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research report on Thursday, February 19th. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $131.48.

Expand Energy Stock Performance

Shares of NASDAQ EXE opened at $109.69 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average price is $106.34 and its two-hundred day moving average price is $107.66. Expand Energy has a one year low of $91.01 and a one year high of $126.62. The firm has a market cap of $26.37 billion, a price-to-earnings ratio of 14.55 and a beta of 0.47.

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. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, equities analysts forecast that Expand Energy will post 1.33 EPS for the current year.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Institutional Trading of Expand Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in shares of Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after acquiring an additional 13,670 shares in the last quarter. Candriam S.C.A. raised its position in Expand Energy by 59.0% during the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after purchasing an additional 11,428 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Expand Energy during the second quarter worth $3,347,000. Intech Investment Management LLC lifted its stake in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after purchasing an additional 30,790 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in shares of Expand Energy by 16.2% in the 3rd quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock valued at $8,303,000 after purchasing an additional 10,919 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

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.