Barclays Increases Expand Energy (NASDAQ:EXE) Price Target to $139.00

Expand Energy (NASDAQ:EXE - Get Free Report) had its price target upped by analysts at Barclays from $122.00 to $139.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 30.70% from the stock's previous close.

Several other equities analysts have also recently commented on the company. KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Truist Financial reduced their target price on Expand Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a research report on Thursday, May 22nd. Finally, Piper Sandler lifted their price target on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $129.25.

Expand Energy Stock Performance

Shares of NASDAQ EXE traded down $2.55 during mid-day trading on Monday, hitting $106.35. The company had a trading volume of 2,127,518 shares, compared to its average volume of 3,365,193. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of -19.84 and a beta of 0.48. Expand Energy has a 1 year low of $81.66 and a 1 year 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 stock's 50-day moving average price is $114.23 and its 200-day moving average price is $107.35.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXE. GAMMA Investing LLC purchased a new position in Expand Energy during the 1st quarter valued at about $36,507,000. Parallel Advisors LLC purchased a new position in Expand Energy during the 1st quarter valued at about $286,000. Doliver Advisors LP purchased a new position in Expand Energy during the 1st quarter valued at about $446,000. Peoples Bank KS purchased a new position in Expand Energy during the 1st quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Expand Energy during the 1st quarter valued at about $466,000. Hedge funds and other 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.