Expand Energy (NASDAQ:EXE - Get Free Report) had its price objective upped by analysts at Piper Sandler from $139.00 to $140.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 34.83% from the stock's previous close.
Several other brokerages have also commented on EXE. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Roth Capital set a $125.00 target price on Expand Energy in a report on Wednesday. Scotiabank boosted their price target on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Stephens lowered their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein upgraded shares of Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $129.50.
Get Our Latest Stock Report on Expand Energy
Expand Energy Stock Performance
Shares of EXE stock traded down $0.37 on Thursday, hitting $103.84. The company had a trading volume of 719,854 shares, compared to its average volume of 3,786,209. The firm has a market cap of $24.71 billion, a P/E ratio of 266.44 and a beta of 0.48. Expand Energy has a twelve month low of $69.12 and a twelve month high of $123.35. The company has a 50-day moving average price of $111.91 and a 200-day moving average price of $107.70. 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 announced 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a return on equity of 6.04% and a net margin of 2.41%. As a group, equities research analysts predict that Expand Energy will post 1.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Expand Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Expand Energy during the first quarter worth approximately $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Expand Energy in the first quarter valued at about $1,179,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy during the first quarter worth about $210,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Expand Energy in the first quarter valued at about $1,383,000. Finally, Bessemer Group Inc. purchased a new stake in Expand Energy in the 1st quarter valued at approximately $75,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Company Profile
(
Get Free Report)
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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