Expand Energy Corporation (NASDAQ:EXE) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Wall Street analysts rate Expand Energy “Moderate Buy.” Of 23 analysts, 15 recommend buying, three recommend a strong buy, and five rate the stock a hold; the average 12-month price target is $123.11.
• Expand Energy reported quarterly earnings of $1.33 per share, beating the $1.13 consensus estimate, though revenue of $2.96 billion fell short of the $3.05 billion forecast.
• The company pays a quarterly dividend of $0.575 per share, equivalent to an annualized $2.30 dividend and a 2.5% yield. Institutional investors own 97.93% of the stock, with BlackRock recently acquiring a stake valued at approximately $1.78 billion.

Expand Energy Corporation (NASDAQ:EXE - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-three research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $123.11.

Several equities analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of Expand Energy from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $117.00 target price on shares of Expand Energy in a research report on Tuesday, October 20th. Weiss Ratings cut Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Benchmark lowered their price target on Expand Energy from $124.00 to $109.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Finally, Scotiabank started coverage on Expand Energy in a report on Wednesday, October 14th. They issued an "outperform" rating and a $111.00 target price on the stock.

Expand Energy Price Performance

EXE stock opened at $93.23 on Monday. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 8.05 and a beta of 0.41. 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 has a 52 week low of $83.25 and a 52 week high of $126.62. The firm's 50-day moving average is $92.32 and its two-hundred day moving average is $92.85.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, analysts forecast that Expand Energy will post 8.59 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were paid a $0.5750 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. Expand Energy's dividend payout ratio is 19.86%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Expand Energy in the second quarter valued at approximately $1,778,004,000. Oaktree Capital Management LP raised its holdings in shares of Expand Energy by 3.5% during the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company's stock valued at $574,970,000 after purchasing an additional 175,114 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Expand Energy by 94.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company's stock valued at $493,890,000 after purchasing an additional 2,188,422 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Expand Energy by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company's stock valued at $270,838,000 after purchasing an additional 166,407 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Expand Energy by 9.9% in the 1st quarter. Bank of America Corp DE now owns 1,921,098 shares of the company's stock valued at $210,898,000 after purchasing an additional 173,503 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Company Profile

Expand Energy Corporation NASDAQ: EXE is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company's activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake's portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.