Piper Sandler Has Lowered Expectations for Expand Energy (NASDAQ:EXE) Stock Price

Expand Energy (NASDAQ:EXE) had its target price reduced by analysts at Piper Sandler from $137.00 to $136.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 27.52% from the stock’s previous close.

EXE has been the topic of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a research note on Thursday, February 19th. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Citigroup increased their price target on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Benchmark reissued a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Finally, Stephens upped their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Expand Energy has a consensus rating of “Buy” and an average price target of $129.88.

Expand Energy Trading Up 0.7%

Shares of NASDAQ:EXE traded up $0.77 on Thursday, hitting $106.65. The company had a trading volume of 991,026 shares, compared to its average volume of 3,760,769. The firm’s 50-day simple moving average is $106.38 and its two-hundred day simple moving average is $106.43. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 14.14 and a beta of 0.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy has a 1 year low of $91.01 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) 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 net margin of 15.00% and a return on equity of 8.17%. Equities analysts anticipate that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of Expand Energy

Institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH increased its holdings in Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 88 shares during the last quarter. Hara Capital LLC grew its position in shares of Expand Energy by 3.3% during the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Expand Energy by 1.0% in the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after purchasing an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of 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 buying an additional 100 shares in the last quarter. Finally, McGowan Group Asset Management Inc. lifted its position in shares of Expand Energy by 0.4% in the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after buying an additional 105 shares in the last quarter. Hedge funds and other 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.