Benchmark Raises Expand Energy (NASDAQ:EXE) Price Target to $124.00

Expand Energy (NASDAQ:EXE) had its target price raised by research analysts at Benchmark from $112.00 to $124.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 16.06% from the company’s previous close.

Several other research firms also recently weighed in on EXE. TD Cowen raised Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Stephens increased their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Piper Sandler cut their price target on Expand Energy from $137.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reduced their price target on Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Sanford C. Bernstein lowered their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $130.38.

Expand Energy Price Performance

EXE stock opened at $106.84 on Thursday. The company’s 50-day moving average price is $106.27 and its two-hundred day moving average price is $106.53. The firm has a market cap of $25.68 billion, a P/E ratio of 14.17 and a beta of 0.47. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) 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 company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. On average, analysts anticipate that Expand Energy will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of Expand Energy

A number of large investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its stake in shares of Expand Energy by 161.5% in the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after purchasing an additional 9,856,576 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after purchasing an additional 2,414,311 shares during the period. Victory Capital Management Inc. increased its holdings in Expand Energy by 192.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after purchasing an additional 2,160,979 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in Expand Energy in the third quarter worth approximately $169,783,000. Finally, Dragoneer Investment Group LLC acquired a new position in Expand Energy in the fourth quarter valued at approximately $145,633,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

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.