Expand Energy (NASDAQ:EXE) Upgraded at Truist Financial

Expand Energy (NASDAQ:EXE) was upgraded by equities researchers at Truist Financial to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also recently commented on EXE. Wells Fargo & Company set a $123.00 price target on Expand Energy in a research report on Monday, February 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 price target on shares of Expand Energy in a research report on Thursday, February 19th. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Benchmark increased their price objective on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Citigroup raised their target price on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $131.48.

Expand Energy Stock Up 1.9%

Shares of EXE stock opened at $109.69 on Monday. The firm’s fifty day moving average price is $106.34 and its two-hundred day moving average price is $107.66. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy has a 1 year low of $91.01 and a 1 year high of $126.62. The firm has a market capitalization of $26.37 billion, a P/E ratio of 14.55 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. On average, equities analysts predict that Expand Energy will post 1.33 EPS for the current fiscal year.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXE. Allianz Asset Management GmbH boosted its holdings in shares of Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after buying an additional 13,670 shares during the period. Candriam S.C.A. grew its stake in Expand Energy by 59.0% in the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after buying an additional 11,428 shares during the last quarter. Edgestream Partners L.P. bought a new position in Expand Energy in the 2nd quarter valued at about $3,347,000. Intech Investment Management LLC lifted its position in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after acquiring an additional 30,790 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in Expand Energy by 16.2% during the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock worth $8,303,000 after acquiring an additional 10,919 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

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.