Expand Energy Corporation (EXE)
Expand Energy Corporation is an independent exploration and production company in the United States. The company is headquartered in Oklahoma City, Oklahoma.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 0.15% per annum.
- EXE price at the close of August 15, 2025 was $95.13 and was higher than the top border of the primary price channel by $2.65 (2.87%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.56% per annum.
- EXE price at the close of August 15, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of EXE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 3, 2022
End date: November 5, 2024
a = 4.3565
b = 0.0000
s = 0.0819
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0819) – 1
= 38.78%
March 3, 2022 calculations
Top border of price channel:
Exp(Y267)
= Exp(a + b × X267 + 2 × s)
= Exp(a + b × 386 + 2 × s)
= Exp(4.3565 + 0.0000 × 386 + 2 × 0.0819)
= Exp(4.5219)
= $92.01
Bottom border of price channel:
Exp(Y267)
= Exp(a + b × X267 – 2 × s)
= Exp(a + b × 386 – 2 × s)
= Exp(4.3565 + 0.0000 × 386 – 2 × 0.0819)
= Exp(4.1942)
= $66.30
November 5, 2024 calculations
Top border of price channel:
Exp(Y940)
= Exp(a + b × X940 + 2 × s)
= Exp(a + b × 1,364 + 2 × s)
= Exp(4.3565 + 0.0000 × 1,364 + 2 × 0.0819)
= Exp(4.5258)
= $92.37
Bottom border of price channel:
Exp(Y940)
= Exp(a + b × X940 – 2 × s)
= Exp(a + b × 1,364 – 2 × s)
= Exp(4.3565 + 0.0000 × 1,364 – 2 × 0.0819)
= Exp(4.1981)
= $66.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.15% per annum.
- EXE price at the close of August 15, 2025 was $95.13 and was higher than the top border of the primary price channel by $2.65 (2.87%).
Secondary Trend
Start date: February 8, 2023
End date: August 15, 2025
a = 3.9063
b = 0.0004
s = 0.0876
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0876) – 1
= 41.99%
February 8, 2023 calculations
Top border of price channel:
Exp(Y502)
= Exp(a + b × X502 + 2 × s)
= Exp(a + b × 728 + 2 × s)
= Exp(3.9063 + 0.0004 × 728 + 2 × 0.0876)
= Exp(4.4043)
= $81.80
Bottom border of price channel:
Exp(Y502)
= Exp(a + b × X502 – 2 × s)
= Exp(a + b × 728 – 2 × s)
= Exp(3.9063 + 0.0004 × 728 – 2 × 0.0876)
= Exp(4.0537)
= $57.61
August 15, 2025 calculations
Top border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 + 2 × s)
= Exp(a + b × 1,647 + 2 × s)
= Exp(3.9063 + 0.0004 × 1,647 + 2 × 0.0876)
= Exp(4.8117)
= $122.94
Bottom border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 – 2 × s)
= Exp(a + b × 1,647 – 2 × s)
= Exp(3.9063 + 0.0004 × 1,647 – 2 × 0.0876)
= Exp(4.4611)
= $86.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.56% per annum.
- EXE price at the close of August 15, 2025 was inside the secondary price channel.