Morgan Stanley Issues Positive Forecast for Expand Energy (NASDAQ:EXE) Stock Price

Key Points

• Morgan Stanley has increased its target price for Expand Energy from $134.00 to $139.00, indicating a potential upside of 37.92% from its current price.
• The stock currently has a consensus rating of "Buy", with 97.93% of shares owned by institutional investors.
• Expand Energy reported $1.10 EPS for the last quarter, missing the consensus estimate of $1.14, while revenue significantly exceeded expectations at $3.69 billion.

Expand Energy (NASDAQ:EXE - Get Free Report) had its price target increased by Morgan Stanley from $134.00 to $139.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 36.72% from the stock's previous close.

Several other research firms have also recently commented on EXE. Mizuho boosted their price target on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Capital One Financial lowered their price target on shares of Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Tudor Pickering & Holt lowered their target price on shares of Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Scotiabank upped their target price on shares of Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Finally, KeyCorp set a $135.00 target price on shares of Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Expand Energy presently has an average rating of "Buy" and an average target price of $128.92.

Expand Energy Stock Up 0.6%

EXE traded up $0.63 during trading hours on Monday, hitting $101.67. 460,958 shares of the company's stock were exchanged, compared to its average volume of 3,772,427. Expand Energy has a 12-month low of $69.12 and a 12-month high of $123.35. The firm has a 50 day moving average of $110.82 and a 200 day moving average of $107.64. The firm has a market cap of $24.21 billion, a P/E ratio of 260.70 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.09 billion. Analysts predict that Expand Energy will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Expand Energy

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Expand Energy during the 1st quarter worth about $36,507,000. Parallel Advisors LLC acquired a new position in shares of Expand Energy during the first quarter valued at about $286,000. Doliver Advisors LP acquired a new position in shares of Expand Energy during the first quarter valued at about $446,000. Peoples Bank KS acquired a new position in shares of Expand Energy during the first quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Expand Energy during the first quarter valued at about $466,000. Institutional investors own 97.93% of the company's stock.

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.