Truist Financial Cuts Expand Energy (NASDAQ:EXE) Price Target to $133.00

Expand Energy (NASDAQ:EXE) had its price objective cut by equities researchers at Truist Financial from $136.00 to $133.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 32.77% from the company’s previous close.

Several other analysts have also recently issued reports on EXE. Barclays increased their target price on Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. UBS Group cut 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. Stephens lifted their price target on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Benchmark lifted their price target on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.05.

Expand Energy Stock Down 0.0%

Expand Energy stock opened at $100.17 on Thursday. The stock has a market cap of $24.08 billion, a PE ratio of 13.27 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Expand Energy has a one year low of $91.01 and a one year high of $126.62. The stock has a fifty day moving average of $106.62 and a 200 day moving average of $108.38.

Expand Energy (NASDAQ:EXE) last posted 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 company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. As a group, sell-side analysts predict that Expand Energy will post 1.33 EPS for the current year.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased 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 owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp boosted its position in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Rakuten Securities Inc. boosted its position in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Expand Energy during the fourth quarter worth $30,000. ESL Trust Services LLC purchased a new position in shares of Expand Energy during the third quarter worth $32,000. Finally, Abound Wealth Management boosted its position in shares of Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares during the period. 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.