Look For Institutional Buying In Expand Energy Corp (NASDAQ: EXE)

Expand Energy Corp (EXE) concluded trading on Wednesday at a closing price of $105.24, with 3.66 million shares of worth about $384.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.06% during that period and on January 15, 2025 the price saw a gain of about 1.08%. Currently the company’s common shares owned by public are about 231.10M shares, out of which, 206.95M shares are available for trading.

Stock saw a price change of 2.49% in past 5 days and over the past one month there was a price change of 5.60%. Year-to-date (YTD), EXE shares are showing a performance of 5.72% which increased to 27.19% 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 $105.00 during that period. The average intraday trading volume for Expand Energy Corp shares is 2.55 million. The stock is currently trading 6.01% above its 20-day simple moving average (SMA20), while that difference is up 8.25% for SMA50 and it goes to 21.84% higher than SMA200.

Expand Energy Corp (NASDAQ: EXE) currently have 231.10M outstanding shares and institutions hold larger chunk of about 61.08% of that.

The stock has a current market capitalization of $24.32B and its 3Y-monthly beta is at 0.51. PE ratio of stock for trailing 12 months is 64.87, while it has posted earnings per share of $1.62 in the same period. It has Quick Ratio of 2.00 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 2.41% while standing at 2.27% over the month.

Analysts are in expectations that Expand Energy Corp (EXE) stock would likely to be making an EPS of 0.43 in the current quarter, while forecast for next quarter EPS is 1.1 and it is 5.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.2 which is 0.9 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -73.41% while it is estimated to increase by 253.99% in next year. EPS is likely to shrink at an annualized rate of -10.90% 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 Morgan Stanley on January 10, 2025 offering an Overweight rating for the stock and assigned a target price of $127 to it. Coverage by UBS stated Expand Energy Corp (EXE) stock as a Buy in their note to investors on December 09, 2024, suggesting a price target of $123 for the stock. On October 28, 2024, BofA Securities Resumed their recommendations, while on September 27, 2024, ROTH MKM Initiated their ratings for the stock with a price target of $92. Stock get an Outperform rating from Wolfe Research on July 18, 2024.

Most Popular

Related Posts