Wells Fargo & Company Increases Expand Energy (NASDAQ:EXE) Price Target to $114.00

Expand Energy (NASDAQ:EXE - Free Report) had its price objective raised by Wells Fargo & Company from $112.00 to $114.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on EXE. Piper Sandler raised their target price on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Mizuho boosted their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Truist Financial lowered their price target on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. Finally, Benchmark boosted their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $127.55.

Expand Energy Stock Up 1.0%

Shares of NASDAQ EXE traded up $1.18 during trading hours on Monday, hitting $120.77. The stock had a trading volume of 3,101,818 shares, compared to its average volume of 3,362,283. The company has a market capitalization of $28.74 billion, a P/E ratio of 44.08 and a beta of 0.49. The firm's 50-day moving average price is $111.20 and its two-hundred day moving average price is $105.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. Expand Energy has a 52 week low of $81.66 and a 52 week high of $121.10.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. Analysts anticipate that Expand Energy will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is presently -42.91%.

Hedge Funds Weigh In On Expand Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy during the first quarter worth $27,000. Harbour Investments Inc. bought a new stake in Expand Energy during the first quarter worth about $27,000. First Horizon Advisors Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Expand Energy in the 1st quarter valued at approximately $28,000. Finally, Pinney & Scofield Inc. acquired a new position in Expand Energy during the first quarter worth $29,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

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.