Jefferies Financial Group Lowers Expand Energy (NASDAQ:EXE) Price Target to $137.00

Key Points

• Jefferies Financial Group has lowered the price target for Expand Energy (NASDAQ:EXE) from $141.00 to $137.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 27.02% from current prices.
• Expand Energy reported earnings of $1.10 per share for the last quarter, missing expectations, with a net margin of 2.41% and revenue significantly exceeding estimates at $3.69 billion.
• Institutional investors own a significant majority (approximately 97.93%) of Expand Energy’s stock, highlighting strong interest and confidence in the company's growth potential.

Expand Energy (NASDAQ:EXE - Get Free Report) had its price target cut by equities researchers at Jefferies Financial Group from $141.00 to $137.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 27.02% from the company's current price.

Several other equities research analysts have also recently weighed in on EXE. Scotiabank reissued an "outperform" rating on shares of Expand Energy in a research report on Wednesday, August 13th. Mizuho set a $136.00 price objective on Expand Energy in a research report on Monday, September 15th. Piper Sandler reduced their price objective on Expand Energy from $140.00 to $136.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. Tudor Pickering & Holt reduced their price objective on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group reduced their price objective on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $127.54.

Expand Energy Stock Performance

EXE opened at $107.86 on Friday. The company has a market cap of $25.69 billion, a PE ratio of 276.57 and a beta of 0.47. The stock has a 50-day moving average of $98.70 and a 200-day moving average of $106.22. Expand Energy has a 52-week low of $82.69 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts forecast that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. This represents a 1.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joshua J. Viets bought 2,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. This represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Expand Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Uncommon Cents Investing LLC increased its stake in shares of Expand Energy by 6.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company's stock valued at $227,000 after buying an additional 110 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company's stock valued at $91,000 after buying an additional 112 shares during the period. Essex Savings Bank increased its stake in shares of Expand Energy by 5.3% in the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company's stock valued at $283,000 after buying an additional 121 shares during the period. Signaturefd LLC increased its stake in shares of Expand Energy by 5.6% in the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company's stock valued at $296,000 after buying an additional 134 shares during the period. Finally, Florida Financial Advisors LLC increased its stake in shares of Expand Energy by 6.5% in the 2nd quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company's stock valued at $256,000 after buying an additional 136 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.