Expand Energy (NASDAQ:EXE) Rating Lowered to Accumulate at Johnson Rice

Key Points

• Johnson Rice downgraded Expand Energy from “buy” to “accumulate,” while maintaining a $125 price target—about 31.88% above the stock’s reported $94.78 price.
• Analyst sentiment remains broadly positive, with MarketBeat reporting an average rating of “Moderate Buy” and an average price target of $127.78, despite several recent target reductions and rating cuts.
• Expand Energy exceeded quarterly EPS expectations, reporting $1.33 versus the $1.13 consensus estimate, although revenue of $2.96 billion fell short of the $3.05 billion forecast.

Expand Energy (NASDAQ:EXE - Get Free Report) was downgraded by stock analysts at Johnson Rice from a "buy" rating to an "accumulate" rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $125.00 price objective on the stock. Johnson Rice's price target points to a potential upside of 31.88% from the stock's current price.

A number of other research firms have also weighed in on EXE. Morgan Stanley lowered their price objective on shares of Expand Energy from $139.00 to $131.00 and set an "overweight" rating for the company in a research note on Monday, June 29th. Wolfe Research restated an "outperform" rating and issued a $114.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. Benchmark reduced their price target on shares of Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. William Blair cut shares of Expand Energy from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 30th. Finally, Roth Capital reiterated a "neutral" rating and set a $93.00 price objective on shares of Expand Energy in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.78.

Expand Energy Stock Performance

Shares of NASDAQ EXE opened at $94.78 on Monday. Expand Energy has a twelve month low of $84.99 and a twelve month high of $126.62. The firm has a market cap of $21.94 billion, a PE ratio of 8.18 and a beta of 0.34. The business has a fifty day simple moving average of $90.24 and a two-hundred day simple moving average of $98.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Analysts expect that Expand Energy will post 8.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich acquired 1,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXE. Siemens Fonds Invest GmbH boosted its holdings in Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company's stock worth $147,000 after buying an additional 88 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock valued at $26,000 after buying an additional 100 shares in the last quarter. McGowan Group Asset Management Inc. raised its position in shares of Expand Energy by 0.4% in the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company's stock worth $2,657,000 after acquiring an additional 105 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Expand Energy by 25.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company's stock worth $61,000 after acquiring an additional 110 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Expand Energy by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company's stock worth $286,000 after acquiring an additional 111 shares in the last quarter. Institutional investors 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.

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