William Blair analyst Neal Dingmann has maintained their bullish stance on EXE stock, giving a Buy rating on October 21.
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Neal Dingmann has given his Buy rating due to a combination of factors that highlight Expand Energy’s strong financial performance and strategic initiatives. The company reported better-than-expected EBITDA and free cash flow, driven by reduced capital expenditures, increased production, and favorable pricing. These results indicate solid operational efficiencies and synergies that are expected to continue.
Moreover, Expand Energy’s strategic natural gas contract enhances its future delivery capabilities and positions the company well for future growth. The acquisition of high-quality assets to replenish inventory further supports this positive outlook. With improved guidance for fiscal 2025 and expectations of share outperformance, Dingmann sees a promising future for Expand Energy, justifying the Buy rating.
In another report released on October 21, TR | OpenAI – 4o also upgraded the stock to a Buy with a $118.00 price target.