Barclays Forecasts Strong Price Appreciation for Expand Energy (NASDAQ:EXE) Stock

Expand Energy (NASDAQ:EXE - Get Free Report) had its price objective lifted by Barclays from $122.00 to $139.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 32.13% from the stock's previous close.

Other analysts have also recently issued reports about the stock. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Truist Financial reduced their price target on shares of Expand Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Piper Sandler boosted their price target on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $129.25.

Expand Energy Price Performance

Shares of NASDAQ:EXE remained flat at $105.20 during trading on Monday. 2,646,256 shares of the stock were exchanged, compared to its average volume of 3,370,414. 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 firm has a market cap of $25.04 billion, a PE ratio of -19.63 and a beta of 0.48. The firm's fifty day moving average is $114.27 and its two-hundred day moving average is $107.39. Expand Energy has a twelve month low of $81.66 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion for 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%. As a group, equities analysts forecast that Expand Energy will post 1.33 EPS for the current year.

Institutional Trading of Expand Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXE. GAMMA Investing LLC bought a new stake in shares of Expand Energy during the first quarter valued at approximately $36,507,000. Parallel Advisors LLC purchased a new position in shares of Expand Energy in the 1st quarter worth approximately $286,000. Doliver Advisors LP bought a new stake in shares of Expand Energy during the 1st quarter worth $446,000. Peoples Bank KS purchased a new position in shares of Expand Energy in the 1st quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Expand Energy during the first quarter worth about $466,000. 97.93% of the stock is owned by 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.