Expand Energy (NASDAQ:EXE) Given New $127.00 Price Target at Barclays

Key Points

• Barclays raised its price target on Expand Energy to $127 (from $125) and maintains an "overweight" rating, part of broader analyst upgrades that leave the stock with an average price target of $131.26 and a consensus "Buy".
• Expand Energy recently beat quarterly estimates with EPS of $2.00 versus $1.89 and revenue of $3.27B versus $2.28B, and the shares trade around $108.55 with a P/E of about 14.4.
• CEO Michael Wichterich purchased 2,000 shares at $107.50, while institutional investors own roughly 97.9% of the company and insiders hold about 0.17%.

Expand Energy (NASDAQ:EXE - Get Free Report) had its target price lifted by equities research analysts at Barclays from $125.00 to $127.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 17.00% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday. Stephens raised their target price on Expand Energy from $145.00 to $146.00 and gave the company an "overweight" rating in a research report on Wednesday, February 18th. Benchmark lifted their target price on Expand Energy from $112.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Mizuho boosted their price target on Expand Energy from $136.00 to $142.00 and gave the stock an "outperform" rating in a research report on Friday, December 12th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $141.00 price target on shares of Expand Energy in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $131.26.

Expand Energy Stock Performance

NASDAQ:EXE traded up $1.53 during mid-day trading on Monday, hitting $108.55. The stock had a trading volume of 1,166,845 shares, compared to its average volume of 3,709,481. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 14.43 and a beta of 0.47. The company has a 50 day simple moving average of $105.91 and a 200-day simple moving average of $107.14. Expand Energy has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. On average, research analysts expect that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Wichterich acquired 2,000 shares of the business's stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp lifted its position in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its position in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company's stock worth $27,000 after purchasing an additional 193 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Expand Energy during the 4th quarter valued at $30,000. ESL Trust Services LLC acquired a new stake in Expand Energy during the 3rd quarter valued at $32,000. Finally, Abound Wealth Management lifted its holdings in shares of Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company's stock valued at $33,000 after purchasing an additional 267 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

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.

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