Mizuho Cuts Expand Energy (NASDAQ:EXE) Price Target to $138.00

Expand Energy (NASDAQ:EXE) had its price objective cut by Mizuho from $145.00 to $138.00 in a report released on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Benchmark decreased their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Morgan Stanley cut their price target on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. Weiss Ratings cut shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Citigroup decreased their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.94.

Expand Energy Price Performance

Shares of EXE opened at $88.86 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $20.57 billion, a PE ratio of 7.67 and a beta of 0.41. Expand Energy has a 12-month low of $83.25 and a 12-month high of $126.62. The business has a 50-day simple moving average of $92.91 and a two-hundred day simple moving average of $94.15.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The firm 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%. Analysts anticipate that Expand Energy will post 8.59 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were paid a $0.5750 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 13th. Expand Energy’s dividend payout ratio is currently 19.86%.

Hedge Funds Weigh In On Expand Energy

Hedge funds have recently bought and sold shares of the company. Core Capital Management & Research inc. acquired a new position in Expand Energy during the 2nd quarter worth approximately $5,406,000. NewEdge Advisors LLC grew its stake in Expand Energy by 336.0% in the second quarter. NewEdge Advisors LLC now owns 35,673 shares of the company’s stock valued at $3,253,000 after acquiring an additional 27,492 shares during the period. Nicholas Investment Partners LP acquired a new stake in Expand Energy in the second quarter valued at approximately $3,739,000. Amundi increased its holdings in shares of Expand Energy by 5.7% during the second quarter. Amundi now owns 1,006,632 shares of the company’s stock valued at $91,795,000 after acquiring an additional 54,218 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Expand Energy during the second quarter valued at approximately $10,313,000. Institutional investors own 97.93% of the company’s stock.

About Expand Energy

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.