Mizuho Boosts Expand Energy (NASDAQ:EXE) Price Target to $142.00

Expand Energy (NASDAQ:EXE - Get Free Report) had its price target boosted by investment analysts at Mizuho from $141.00 to $142.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price target would indicate a potential upside of 27.71% from the company's current price.

EXE has been the topic of several other research reports. Stephens dropped their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley raised their price target on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Truist Financial dropped their price objective on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a research note on Thursday, May 22nd. Finally, TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $128.40.

Expand Energy Stock Performance

Shares of EXE stock traded down $5.75 during trading on Tuesday, reaching $111.19. The company had a trading volume of 3,995,973 shares, compared to its average volume of 3,380,216. The firm's 50 day simple moving average is $113.97 and its two-hundred day simple moving average is $106.90. Expand Energy has a one year low of $81.66 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $26.46 billion, a PE ratio of -20.74 and a beta of 0.48.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Sell-side analysts forecast that Expand Energy will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Expand Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EXE. Transamerica Financial Advisors LLC bought a new stake in Expand Energy in the first quarter valued at about $27,000. Harbour Investments Inc. acquired a new stake in Expand Energy during the first quarter valued at approximately $27,000. First Horizon Advisors Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $28,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $29,000. 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.