Expand Energy Corporation Declares Quarterly Dividend of $0.57 (NASDAQ:EXE)

Expand Energy Corporation (NASDAQ:EXE) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, August 13th will be given a dividend of 0.575 per share on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, August 13th.

Expand Energy Price Performance

Shares of Expand Energy stock opened at $88.52 on Wednesday. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 6.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average price of $90.29 and a 200-day moving average price of $98.95. Expand Energy has a one year low of $84.99 and a one year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Equities analysts expect that Expand Energy will post 8.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXE. Citigroup cut their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Truist Financial cut their price target on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, UBS Group decreased their price objective on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $130.19.

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.