Analysts Say You Should Hold Your Position In Expand Energy Corp. (NASDAQ: EXE)

Expand Energy Corp. (NASDAQ:EXE) traded at $85.79 at close of the session on current trade day and made a downward move of -0.96% on its previous day’s price.

Looking at the stock we see that its previous close was $86.62 and the beta (5Y monthly) reads 0.455 with the day’s price range being $84.5 – $86.45. The company has a trailing 12-month PE ratio of 28.92. In terms of its 52-week price range, EXE has a high of $93.44 and a low of $69.12. The company’s stock has gained about 17.42% over that past 30 days.

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Expand Energy Corp. has a market cap of $19.47 billion and is expected to release its quarterly earnings report in November. With its Forward Dividend at 2.30 and a yield of 2.68%, the company’s investors could be anxious for the EXE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.01, with the EPS growth for the year raised at 0.81 for current year and 0.81 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 715.01M, with a low of 561M and a high of 923M. The median projection represents growth adding up to -40.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.79B, or -56.50% down from figures reported last year.

On the other hand, looking at the outlook for the EXE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell.

Looking further, we note that the PEG ratio for the EXE stock currently stands at 2.13, and the current price level is 3.76% off its SMA20 and 12.07% from its 50-day simple moving average. The RSI (14) is pointing at 66.45 while the volatility over the past week is 1.88% and jumps to 2.49% over the past one month. The beta value is 0.46, while the average true range (ATR) is currently pointing at 1.93. The average price target for the stock over the next 12 months is $96, with the estimates having a low of $87 and a high of $105. These price ends are -1.41% and -22.39% off the current price level respectively, although investors could be excited at the prospect of a -11.9% if the EXE share price touches on the median price of $96.

Coming back to Expand Energy Corp. (NASDAQ:EXE), we note that the average 3-month trading volume was 2.34 million, while that of the preceding 10-day period stands at 2.88 million. Current shares outstanding are 226.90 million.

The insiders hold 17.57% of the company’s shares while institutions hold 58.85%. The data shows that short shares as of 2024-09-13, stood at 20.0 million at a short ratio of 11.41. This represents a 1524.00 short interest in shares outstanding on 2024-09-13. Shares short fall in September from the previous month at 20.53 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.67% up in year-to-date price movement.

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