Expand Energy president and CEO buys $248,750 in stock

Domenic J. Dell (NYSE:DELL)’Osso Jr., President and CEO of Expand Energy Corp (NASDAQ:EXE), recently purchased 2,500 shares of common stock, according to a recent SEC filing. The timing of this insider purchase comes as the stock has shown strong momentum, gaining over 40% in the past six months, according to InvestingPro data. The shares were acquired at a price of $99.50 each, totaling $248,750. Following this transaction, Dell’Osso’s direct ownership in the company stands at 107,845 shares. This move reflects a continued commitment to the company’s growth and development, particularly noteworthy as InvestingPro analysis indicates the company is currently trading above its Fair Value. InvestingPro Tips reveal that analysts expect the company to become profitable this year, with analyst price targets ranging from $86 to $150 per share. For deeper insights into insider trading patterns and 11 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Expand Energy Corp reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.55, compared to the forecasted $0.43. The company’s revenue reached $2 billion, exceeding the anticipated $1.85 billion. Despite these strong financial results, the stock experienced a decline of 3.49% in after-hours trading, reflecting broader market volatility. The company announced plans for significant debt reduction and shareholder returns in 2025, aiming to reduce net debt to below $4.5 billion by the end of the year. Expand Energy is also targeting increased production capacity and efficiency improvements, projecting growth in natural gas production to 7.1 billion cubic feet per day in 2025 and further to 7.5 billion cubic feet per day in 2026. Additionally, the company debuted a $750 million investment-grade bond issuance. Analysts have noted a positive outlook for the natural gas market and LNG export capacity growth, with firms like TPH and Wolfe Research engaging with the company during its earnings call.

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