Expand Energy (NASDAQ:EXE) Price Target Lowered to $136.00 at Piper Sandler

Expand Energy (NASDAQ:EXE) had its price objective reduced by Piper Sandler from $137.00 to $136.00 in a research report released on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on EXE. Wells Fargo & Company set a $123.00 price target on Expand Energy in a report on Monday, February 23rd. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Barclays dropped their target price on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a research note on Thursday, February 19th. Finally, Stephens increased their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $130.38.

Expand Energy Trading Up 0.8%

EXE opened at $106.76 on Thursday. The firm’s fifty day moving average is $106.33 and its two-hundred day moving average is $106.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $25.66 billion, a PE ratio of 14.16 and a beta of 0.47. Expand Energy has a twelve month low of $91.01 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Equities research analysts anticipate that Expand Energy will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s dividend payout ratio is presently 30.50%.

Institutional Investors Weigh In On Expand Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXE. Rehmann Capital Advisory Group acquired a new position in shares of Expand Energy during the 4th quarter worth about $209,000. EJMK Ventures LLC bought a new stake in Expand Energy during the fourth quarter worth about $385,000. Fearnley Asset Management AS bought a new stake in Expand Energy during the fourth quarter worth about $12,136,000. Arwa LLC acquired a new position in Expand Energy during the fourth quarter valued at approximately $207,000. Finally, Sunbelt Securities Inc. grew its stake in Expand Energy by 760.4% in the fourth quarter. Sunbelt Securities Inc. now owns 869 shares of the company’s stock valued at $96,000 after purchasing an additional 768 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

About Expand Energy

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.