Expand Energy (NASDAQ:EXE) Price Target Raised to $127.00

Expand Energy (NASDAQ:EXE) had its price target lifted by Barclays from $125.00 to $127.00 in a research note published on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Stephens raised their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Benchmark boosted their price target on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. UBS Group lowered their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $131.27.

Expand Energy Price Performance

Expand Energy stock opened at $105.52 on Monday. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 13.99 and a beta of 0.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $105.92 and a 200 day simple moving average of $107.27. Expand Energy has a 52 week low of $91.01 and a 52 week high of $126.62.

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

Expand Energy Announces Dividend

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

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Expand Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp grew its holdings in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy during the 4th quarter valued at $30,000. Abound Wealth Management boosted its position in Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares during the period. Finally, ESL Trust Services LLC purchased a new stake in Expand Energy during the 3rd quarter valued at $32,000. Institutional investors 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.