Expand Energy (NASDAQ:EXE) Given New $109.00 Price Target at Benchmark

Expand Energy (NASDAQ:EXE) had its target price decreased by equities researchers at Benchmark from $124.00 to $109.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 10.95% from the stock’s previous close.

A number of other analysts have also weighed in on EXE. Roth Capital restated a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. UBS Group dropped their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Morgan Stanley lowered 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 report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average price target of $128.12.

Expand Energy Stock Up 0.7%

Shares of EXE opened at $98.24 on Wednesday. The stock has a market cap of $22.74 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy has a 12 month low of $84.99 and a 12 month high of $126.62. The company has a 50-day moving average price of $90.06 and a two-hundred day moving average price of $98.32.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data 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 company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Equities analysts predict that Expand Energy will post 8.92 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Expand Energy

A number of hedge funds have recently modified their holdings of EXE. Sierra Summit Advisors LLC grew its stake in shares of Expand Energy by 25.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after buying an additional 15,904 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Expand Energy by 16.6% in the 4th quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock valued at $26,443,000 after acquiring an additional 34,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock valued at $267,172,000 after acquiring an additional 2,414,311 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Expand Energy during the 4th quarter valued at about $57,153,000. Finally, Sei Investments Co. grew its position in Expand Energy by 86.9% during the 1st quarter. Sei Investments Co. now owns 251,984 shares of the company’s stock worth $27,663,000 after acquiring an additional 117,163 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.