Expand Energy (NASDAQ:EXE) Issues Quarterly Earnings Results

Expand Energy (NASDAQ:EXE) released its quarterly earnings data on Tuesday. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.17, FiscalAI reports. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.85 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.

Expand Energy Price Performance

NASDAQ:EXE traded up $0.60 during mid-day trading on Tuesday, reaching $94.62. 3,157,611 shares of the stock were exchanged, compared to its average volume of 3,555,914. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average price of $92.24 and a 200 day moving average price of $97.05. Expand Energy has a 1-year low of $83.25 and a 1-year high of $126.62. The firm has a market capitalization of $21.90 billion, a PE ratio of 8.17 and a beta of 0.41.

Analysts Set New Price Targets

Several research firms recently commented on EXE. Stifel Nicolaus began coverage on Expand Energy in a research note on Wednesday, September 9th. They issued a “buy” rating and a $135.00 price target on the stock. Truist Financial dropped their target price on shares of Expand Energy from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Morgan Stanley cut their target price on shares of Expand Energy from $129.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Raymond James Financial reduced their price target on shares of Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $123.11.

Expand Energy Company Profile

Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.