Benchmark Cuts Expand Energy (NASDAQ:EXE) Price Target to $109.00

Expand Energy (NASDAQ:EXE) had its price objective decreased by Benchmark from $124.00 to $109.00 in a research note issued to investors on Wednesday, Marketbeat reports. Benchmark currently has a buy rating on the stock.

A number of other brokerages have also recently commented on EXE. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Truist Financial boosted their price target on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, July 30th. UBS Group dropped their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Citigroup reduced their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Roth Capital reissued a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.12.

Expand Energy Trading Up 0.1%

Shares of EXE stock opened at $94.78 on Wednesday. The company has a market capitalization of $21.94 billion, a P/E ratio of 8.18 and a beta of 0.34. Expand Energy has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $90.24 and a 200 day moving average price of $98.10.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Research analysts forecast that Expand Energy will post 8.92 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is 19.86%.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade 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 accessible through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Expand Energy

A number of large investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp grew its position in shares of Expand Energy by 74.6% during the 4th 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. boosted its stake in shares of Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. Eastern Bank acquired a new stake in shares of Expand Energy during the second quarter worth $27,000. SJS Investment Consulting Inc. raised its stake in Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Expand Energy in the fourth quarter valued at $30,000. 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.