Expand Energy Corporation (NASDAQ:EXE) Receives Consensus Rating of "Buy" from Brokerages

Shares of Expand Energy Corporation (NASDAQ:EXE - Get Free Report) have been assigned a consensus rating of "Buy" from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given 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 $129.25.

EXE has been the subject of a number of analyst reports. UBS Group upped their price target on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Benchmark upped their target price on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. KeyCorp set a $135.00 target price on Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th.

Institutional Investors Weigh In On Expand Energy

Several large investors have recently added to or reduced their stakes in the stock. Wedmont Private Capital increased its position in Expand Energy by 25.3% in the second quarter. Wedmont Private Capital now owns 7,784 shares of the company's stock worth $910,000 after buying an additional 1,570 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Expand Energy by 20.3% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,093 shares of the company's stock worth $3,168,000 after buying an additional 4,579 shares during the period. Breakwater Capital Group acquired a new stake in Expand Energy in the second quarter worth $251,000. Czech National Bank increased its position in Expand Energy by 9.6% in the second quarter. Czech National Bank now owns 52,935 shares of the company's stock worth $6,190,000 after buying an additional 4,633 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Expand Energy by 157.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,156 shares of the company's stock worth $603,000 after buying an additional 3,156 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Price Performance

NASDAQ EXE remained flat at $105.20 on Tuesday. The company's stock had a trading volume of 2,646,256 shares, compared to its average volume of 3,370,415. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of -19.63 and a beta of 0.48. Expand Energy has a 52-week low of $81.66 and a 52-week high of $123.35. The firm's 50-day moving average is $114.27 and its 200-day moving average is $107.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, sell-side analysts expect that Expand Energy will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company 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 2.19%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

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.