Wells Fargo & Company Lowers Expand Energy (NASDAQ:EXE) Price Target to $120.00

Expand Energy (NASDAQ:EXE - Free Report) had its price target reduced by Wells Fargo & Company from $121.00 to $120.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also recently issued reports on the stock. UBS Group upped their price objective on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 target price on the stock in a research note on Thursday, May 22nd. Benchmark upped their target price on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Finally, KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a hold rating, seventeen have given 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 a consensus rating of "Buy" and a consensus target price of $129.80.

Expand Energy Stock Performance

EXE traded down $0.16 on Tuesday, reaching $108.15. The stock had a trading volume of 3,204,925 shares, compared to its average volume of 3,371,480. Expand Energy has a 12-month low of $81.66 and a 12-month high of $123.35. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The business's 50-day moving average price is $114.21 and its two-hundred day moving average price is $107.74. The company has a market cap of $25.74 billion, a P/E ratio of -20.18 and a beta of 0.48.

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

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.

Institutional Trading of Expand Energy

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Expand Energy in the first quarter valued at about $2,973,033,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Expand Energy in the first quarter valued at about $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Expand Energy in the first quarter valued at about $701,831,000. Wellington Management Group LLP acquired a new stake in shares of Expand Energy in the first quarter valued at about $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Expand Energy during the first quarter worth about $518,328,000. Institutional investors and hedge funds own 97.93% of the company's stock.

About Expand Energy

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.