Stephens analyst Michael Scialla upgraded the rating on Expand Energy (EXE – Research Report) to a Buy today, setting a price target of $123.00.
Michael Scialla has given his Buy rating due to a combination of factors including an increase in the target price to $123, reflecting a 43% rise in the NAV estimate based on recent NYMEX strip prices. This adjustment is supported by an increase in the company’s 2025 and 2026 cash flow per share estimates, which are significantly above the Street consensus.
Additionally, Expand Energy’s stock is currently valued at a discount compared to its peers, with an EV/2026 EBITDA estimate of 4.4x. The company’s strategic financial framework, which includes a focus on debt reduction and shareholder returns through dividends and share repurchases, further strengthens its investment appeal. These factors collectively underpin the positive outlook for Expand Energy’s stock.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $131.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXE in relation to earlier this year.