Expand Energy Corporation (NASDAQ:EXE) Given Average Rating of “Moderate Buy” by Brokerages

Expand Energy Corporation (NASDAQ:EXE) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $127.7778.

Several research analysts have recently commented on the stock. Citigroup decreased their price target on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Roth Capital reiterated a “neutral” rating and issued a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. UBS Group decreased their target price on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Morgan Stanley lowered their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Truist Financial upped their price target on shares of Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th.

Expand Energy Stock Performance

Expand Energy stock opened at $95.45 on Wednesday. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 8.24 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 debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $90.45 and its 200-day moving average is $97.80.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share 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 for the quarter, compared to analyst estimates of $3.05 billion. Equities analysts anticipate that Expand Energy will post 8.92 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s payout ratio is currently 19.86%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by insiders.

Institutional Trading of Expand Energy

Large investors have recently made changes to their positions in the stock. Sierra Summit Advisors LLC increased its holdings in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after purchasing an additional 15,904 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock valued at $26,443,000 after buying an additional 34,132 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Expand Energy during the fourth quarter worth about $57,153,000. Finally, Sei Investments Co. grew its position in Expand Energy by 86.9% during the first quarter. Sei Investments Co. now owns 251,984 shares of the company’s stock worth $27,663,000 after buying an additional 117,163 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.