Jefferies analyst Lloyd Byrne reiterated a Buy rating on Expand Energy (EXE – Research Report) yesterday and set a price target of $130.00.
Lloyd Byrne has given his Buy rating due to a combination of factors that highlight Expand Energy’s strong financial and operational outlook. The company is expected to report a significant increase in EBITDA for the first quarter of 2025, surpassing consensus estimates, which indicates robust financial health. Additionally, production levels are projected to be at the high end of guidance, demonstrating effective execution of their production strategy, particularly in the Haynesville region.
Furthermore, the company’s strategic initiatives, such as the addition of rigs in Haynesville and the capture of synergies from the SWN integration, are anticipated to enhance operational efficiencies and cost management. The outlook for shareholder returns is also positive, with anticipated share buybacks and a focus on debt reduction. These factors, combined with a favorable macroeconomic environment for natural gas and LNG markets, support the Buy rating for Expand Energy’s stock.
In another report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $136.00 price target.
EXE’s price has also changed moderately for the past six months – from $81.460 to $112.740, which is a 38.40% increase.