Analysts Set Expand Energy Corporation (NASDAQ:EXE) PT at $129.50

Key Points

• Expand Energy Corporation (NASDAQ:EXE) has received a consensus rating of "Buy" from 21 research firms, with an average 12-month target price of $129.50.
• Institutional investors own 97.93% of Expand Energy's stock, indicating strong interest from large financial entities.
• The company reported Q2 earnings of $1.10 per share, missing the $1.14 consensus estimate, despite revenue exceeding expectations at $3.69 billion.

Expand Energy Corporation (NASDAQ:EXE - Get Free Report) has been given an average rating of "Buy" by the twenty-one research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $128.9231.

A number of brokerages have weighed in on EXE. TD Cowen upgraded shares of Expand Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. Wolfe Research reduced their target price on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Capital One Financial reduced their target price on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Wells Fargo & Company reduced their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, UBS Group lifted their target price on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.

Hedge Funds Weigh In On Expand Energy

Several large investors have recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new position in Expand Energy during the first quarter worth about $36,507,000. Parallel Advisors LLC purchased a new position in shares of Expand Energy in the first quarter worth approximately $286,000. Doliver Advisors LP purchased a new position in shares of Expand Energy in the first quarter worth approximately $446,000. Peoples Bank KS purchased a new position in Expand Energy during the 1st quarter worth approximately $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Expand Energy during the 1st quarter worth approximately $466,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Trading Down 0.7%

NASDAQ:EXE traded down $0.74 during mid-day trading on Friday, reaching $101.23. The company's stock had a trading volume of 3,675,475 shares, compared to its average volume of 3,793,365. The company's fifty day simple moving average is $111.44 and its two-hundred day simple moving average is $107.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy has a twelve month low of $69.12 and a twelve month high of $123.35. The stock has a market cap of $24.11 billion, a P/E ratio of 26.62 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, equities analysts predict that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

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.