Piper Sandler Raises Expand Energy (NASDAQ:EXE) Price Target to $138.00

Expand Energy (NASDAQ:EXE) had its price target hoisted by equities researchers at Piper Sandler from $136.00 to $138.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 28.95% from the company’s current price.

EXE has been the subject of a number of other research reports. Benchmark lifted their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Barclays dropped their price target on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Citigroup increased their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Sanford C. Bernstein reduced their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Stephens boosted their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Buy” and a consensus target price of $131.17.

Expand Energy Price Performance

Shares of EXE opened at $107.02 on Thursday. The business’s 50-day moving average is $105.91 and its 200-day moving average is $106.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $25.73 billion, a price-to-earnings ratio of 14.19 and a beta of 0.47. Expand Energy has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $3.27 billion for 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%. Equities research analysts expect that Expand Energy will post 1.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Expand Energy

Several large investors have recently made changes to their positions in EXE. Allianz Asset Management GmbH increased its stake in Expand Energy by 12.8% during the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after acquiring an additional 13,670 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after acquiring an additional 5,020 shares during the period. Candriam S.C.A. grew its holdings in shares of Expand Energy by 59.0% during the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after purchasing an additional 11,428 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Expand Energy during the second quarter valued at approximately $3,347,000. Finally, Cibc World Market Inc. increased its position in shares of Expand Energy by 16.2% during the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock valued at $8,303,000 after purchasing an additional 10,919 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.