Expand Energy (NASDAQ:EXE) Stock Gets Price Target Cut from Morgan Stanley

Key Points

• Morgan Stanley cut Expand Energy’s price target from $129 to $124 while maintaining an “overweight” rating, implying 36.62% potential upside from the stock’s current price.
• Analyst sentiment remains broadly positive: Expand Energy has a “Moderate Buy” consensus rating and an average price target of $122.89, supported by Strong Buy, Buy, and Hold recommendations.
• EXE shares recently fell 0.4% to $90.76. The company exceeded quarterly EPS expectations, reporting $1.33 versus the $1.13 consensus, though revenue of $2.96 billion came in below estimates.

Expand Energy (NASDAQ:EXE - Get Free Report) had its price objective decreased by equities researchers at Morgan Stanley from $129.00 to $124.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 36.62% from the stock's current price.

Several other equities analysts have also weighed in on EXE. Freedom Broker raised Expand Energy to a "strong-buy" rating in a research note on Thursday, September 3rd. Stifel Nicolaus initiated coverage on Expand Energy in a report on Wednesday, September 9th. They set a "buy" rating and a $135.00 target price on the stock. Jefferies Financial Group decreased their target price on Expand Energy from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, October 1st. Barclays lowered their price target on Expand Energy from $110.00 to $107.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $122.89.

Expand Energy Trading Down 0.4%

Shares of EXE stock traded down $0.35 during trading hours on Thursday, reaching $90.76. The company had a trading volume of 913,971 shares, compared to its average volume of 3,538,964. The company has a 50 day moving average of $92.67 and a 200 day moving average of $93.57. 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 firm has a market cap of $21.01 billion, a price-to-earnings ratio of 7.84 and a beta of 0.41. Expand Energy has a 1-year low of $83.25 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, equities research analysts anticipate that Expand Energy will post 8.59 EPS for the current year.

Institutional Trading of Expand Energy

Several hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. grew its holdings in shares of Expand Energy by 530.4% during the third quarter. Mather Group LLC. now owns 643 shares of the company's stock worth $54,000 after buying an additional 541 shares in the last quarter. Fortitude Family Office LLC raised its position in Expand Energy by 2,436.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,674 shares of the company's stock valued at $141,000 after buying an additional 1,608 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in Expand Energy in the 3rd quarter valued at approximately $541,000. Sax Wealth Advisors LLC bought a new stake in Expand Energy in the 3rd quarter valued at approximately $222,000. Finally, Wedmont Private Capital lifted its stake in Expand Energy by 5.8% in the 3rd quarter. Wedmont Private Capital now owns 5,867 shares of the company's stock valued at $521,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Company Profile

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company's operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.

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