Expand Energy Corporation (NASDAQ:EXE - Get Free Report)'s stock price was down 5.7% during trading on Monday . The company traded as low as $103.80 and last traded at $102.50. Approximately 233,541 shares changed hands during trading, a decline of 93% from the average daily volume of 3,352,778 shares. The stock had previously closed at $108.64.
Wall Street Analyst Weigh In
Several research analysts have weighed in on EXE shares. Morgan Stanley boosted their price objective on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Piper Sandler increased their target price on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Benchmark boosted their target price on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Mizuho upped their target price on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 target price on the stock in a research report on Thursday, May 22nd. 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 currently has an average rating of "Buy" and an average price target of $129.80.
View Our Latest Stock Analysis on Expand Energy
Expand Energy Stock Down 8.2%
The stock has a 50 day simple moving average of $114.14 and a 200 day simple moving average of $107.91. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of -18.59 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced 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. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.31%. Expand Energy's dividend payout ratio is presently -42.91%.
Hedge Funds Weigh In On Expand Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. bought a new position in Expand Energy during the 1st quarter worth approximately $27,000. Transamerica Financial Advisors LLC bought a new position in shares of Expand Energy during the first quarter worth $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the 1st quarter valued at $28,000. Quarry LP bought a new stake in shares of Expand Energy during the 1st quarter worth about $28,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
About Expand Energy
(
Get Free Report)
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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