Analyst Rating Updates for Expand Energy Amid Options Trading Surge
What happened
Raymond James Financial raised its target price for Expand Energy, while Citigroup cut its target price. On Friday, Expand Energy stock traded down 2.1%, reaching $86.78, amid unusually large put options trading, which was 71% above average volume. The company recently reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13.
From dailypolitical.com
Why it matters
The differing analyst ratings reflect varied views on Expand Energy's valuation, even as the company reported a 20.46% net margin and a quick ratio of 0.96. Analysts anticipate that Expand Energy will post 8.7 EPS for the current year.
From dailypolitical.com
Who's involved
- Expand EnergyAmerican energy company subject to analyst rating changes
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Expand EnergySpeculative
Expand Energy might see its stock price and valuation change due to negative market sentiment from analyst rating cuts.