Scotiabank Forecasts Strong Price Appreciation for Expand Energy (NASDAQ:EXE) Stock

Key Points

• Scotiabank raised its target price for Expand Energy (NASDAQ:EXE) from $140.00 to $150.00, indicating a potential upside of 40.29% from its current price, and maintains a "sector outperform" rating.
• Expand Energy's stock has recently faced mixed ratings, with a consensus "Moderate Buy" and a price target averaging $127.81 from 22 analysts, although some firms have lowered their targets substantially.
• Recent insider transactions include CEO Dominick J. Dell'osso acquiring 2,500 shares, boosting his ownership stake by 1.52%, indicating confidence in the company's future performance.

Expand Energy (NASDAQ:EXE - Get Free Report) had its price objective upped by stock analysts at Scotiabank from $140.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 40.29% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Expand Energy in a research report on Wednesday. Jefferies Financial Group decreased their price objective on shares of Expand Energy from $141.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, October 3rd. UBS Group decreased their price objective on shares of Expand Energy from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Capital One Financial decreased their price objective on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Finally, Roth Capital lowered shares of Expand Energy from a "buy" rating to a "neutral" rating and cut their target price for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Expand Energy currently has an average rating of "Moderate Buy" and a consensus price target of $127.81.

Expand Energy Trading Down 1.6%

NASDAQ EXE traded down $1.76 on Thursday, hitting $106.92. The company's stock had a trading volume of 332,335 shares, compared to its average volume of 3,705,475. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy has a 1-year low of $82.69 and a 1-year high of $123.35. The company's 50-day moving average is $99.36 and its 200 day moving average is $106.22. The firm has a market cap of $25.46 billion, a PE ratio of 274.40 and a beta of 0.47.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Harbour Investments Inc. bought a new position in shares of Expand Energy in the first quarter valued at $27,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy in the first quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Expand Energy in the first quarter valued at about $28,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Expand Energy in the first quarter valued at about $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.

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