Expand Energy (NASDAQ:EXE) Given New $135.00 Price Target at Scotiabank

Expand Energy (NASDAQ:EXE - Free Report) had its price objective hoisted by Scotiabank from $120.00 to $135.00 in a research note published on Friday,Benzinga reports. The firm currently has a sector outperform rating on the stock.

A number of other equities research analysts also recently commented on EXE. Stephens dropped their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Piper Sandler upped their price objective on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Benchmark boosted their target price on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. UBS Group boosted their target price on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $129.50.

Expand Energy Trading Up 0.4%

NASDAQ EXE traded up $0.37 on Friday, reaching $105.57. The company had a trading volume of 2,659,736 shares, compared to its average volume of 3,366,736. The stock's 50 day moving average is $114.27 and its 200-day moving average is $107.45. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of -19.70 and a beta of 0.48. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy has a 52 week low of $81.66 and a 52 week high of $123.35.

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

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.18%. Expand Energy's dividend payout ratio is currently -42.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in Expand Energy during the first quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD acquired a new position in Expand Energy during the first quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new position in Expand Energy during the first quarter valued at approximately $701,831,000. Wellington Management Group LLP acquired a new position in Expand Energy during the first quarter valued at approximately $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Expand Energy during the first quarter valued at approximately $518,328,000. 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.