UBS Group Raises Expand Energy (NASDAQ:EXE) Price Target to $145.00

Expand Energy (NASDAQ:EXE - Free Report) had its price target lifted by UBS Group from $144.00 to $145.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Stephens decreased their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley lifted their target price on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Benchmark raised their target price on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Barclays raised Expand Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Expand Energy presently has a consensus rating of "Buy" and a consensus price target of $128.40.

Expand Energy Price Performance

Shares of NASDAQ EXE traded down $5.75 during mid-day trading on Tuesday, reaching $111.19. The company had a trading volume of 3,995,973 shares, compared to its average volume of 3,380,216. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock has a market cap of $26.46 billion, a PE ratio of 42.68 and a beta of 0.48. The company has a 50-day moving average price of $113.97 and a two-hundred day moving average price of $106.90. Expand Energy has a 1-year low of $81.66 and a 1-year high of $123.35.

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

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.07%. Expand Energy's dividend payout ratio is currently -42.91%.

Institutional Trading of Expand Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EXE. GAMMA Investing LLC acquired a new stake in shares of Expand Energy in the first quarter worth about $36,507,000. Parallel Advisors LLC acquired a new stake in shares of Expand Energy in the first quarter worth about $286,000. Doliver Advisors LP acquired a new stake in shares of Expand Energy in the first quarter worth about $446,000. Peoples Bank KS acquired a new stake in shares of Expand Energy in the first quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Expand Energy in the first quarter worth about $466,000. Institutional investors and hedge funds own 97.93% of the company's stock.

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.