Expand Energy (NASDAQ:EXE) Stock Rating Upgraded by Freedom Broker

Expand Energy (NASDAQ:EXE) was upgraded by Freedom Broker to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Other analysts also recently issued reports about the stock. Roth Capital reiterated a “neutral” rating and issued a $93.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. Citigroup dropped their price objective 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. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the company from $135.00 to $125.00 in a research report on Monday, August 17th. UBS Group cut their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group lifted 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. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Expand Energy Stock Down 1.2%

Shares of EXE opened at $97.91 on Thursday. The business’s 50 day moving average is $92.88 and its 200 day moving average is $97.00. The company has a market capitalization of $22.67 billion, a PE ratio of 8.46 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 current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Research analysts expect that Expand Energy will post 8.84 earnings per share for the current fiscal year.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction on 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 acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Expand Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp raised its stake in 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. Eastern Bank bought a new stake in Expand Energy during the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. boosted its position in Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy during the fourth quarter valued at about $30,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Expand Energy in the 1st quarter worth approximately $32,000. 97.93% of the stock is currently owned by institutional investors.

About Expand Energy

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.