Subash Chandra, an analyst from Benchmark Co., maintained the Buy rating on Expand Energy (EXE – Research Report). The associated price target is $112.00.
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Subash Chandra has given his Buy rating due to a combination of factors that highlight Expand Energy’s strong financial performance and strategic positioning. The company reported an adjusted EBITDA of $1.395 billion, surpassing both the consensus and Benchmark’s estimates, indicating effective cost management and robust operational efficiency. The EBITDA margin of 62% exceeded expectations, driven by lower lease operating expenses and general administrative costs.
Moreover, Expand Energy’s commitment to its 2025 investment plan, which involves a $300 million investment to increase production capacity, reflects confidence in market fundamentals. The recent rebound in the 12-month natural gas price strip to $4.00 aligns with the company’s intermediate-term expectations, suggesting favorable market conditions. Additionally, the company anticipates minimal impact from tariff changes due to offsetting factors, further supporting its stable outlook.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $122.00 price target.
EXE’s price has also changed moderately for the past six months – from $88.700 to $103.900, which is a 17.14% increase.