Some Investing Thoughts On Expand Energy Corp. (NASDAQ: EXE)

Expand Energy Corp. (EXE) concluded trading on Wednesday at a closing price of $88.70, with 3.84 million shares of worth about $340.33 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.49% during that period and on October 30, 2024 the price saw a gain of about 3.46%. Currently the company’s common shares owned by public are about 226.90M shares, out of which, 187.01M shares are available for trading.

Stock saw a price change of 6.50% in past 5 days and over the past one month there was a price change of 8.89%. Year-to-date (YTD), EXE shares are showing a performance of 15.46% which increased to 3.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.12 but also hit the highest price of $93.44 during that period. The average intraday trading volume for Expand Energy Corp. shares is 2.34 million. The stock is currently trading 3.16% above its 20-day simple moving average (SMA20), while that difference is up 11.63% for SMA50 and it goes to 7.94% higher than SMA200.

Expand Energy Corp. (NASDAQ: EXE) currently have 226.90M outstanding shares and institutions hold larger chunk of about 59.19% of that.

The stock has a current market capitalization of $20.13B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 54.68, while it has posted earnings per share of $1.62 in the same period. Its PEG reads 4.02 and has Quick Ratio of 1.87 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXE, volatility over the week remained 2.80% while standing at 2.24% over the month.

Stock’s fiscal year EPS is expected to drop by -82.34% while it is estimated to increase by 489.91% in next year. EPS is likely to grow at an annualized rate of 13.60% for next 5-years, compared to annual growth of -10.38% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 28, 2024 offering a Buy rating for the stock and assigned a target price of $114 to it. Coverage by ROTH MKM stated Expand Energy Corp. (EXE) stock as a Buy in their note to investors on September 27, 2024, suggesting a price target of $92 for the stock. On July 18, 2024, Wolfe Research Resumed their recommendations, while on April 10, 2024, Barclays Initiated their ratings for the stock with a price target of $102. Stock get a Sector weight rating from KeyBanc Capital Markets on April 04, 2024.

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