TD Cowen analyst David Deckelbaum has reiterated their bullish stance on EXE stock, giving a Buy rating yesterday.
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David Deckelbaum has given his Buy rating due to a combination of factors that highlight Expand Energy’s strong financial and operational performance. The company has delivered impressive results this earnings season, notably increasing synergies by $100 million for fiscal years 2025 and 2026, and reducing capital expenditures by approximately 3%. These strategic moves are expected to contribute an additional $500 million to free cash flow in 2026, enhancing the company’s financial health.
Furthermore, Expand Energy has demonstrated operational excellence with production levels exceeding expectations and cost efficiencies that have led to significant savings. The company has also raised its net debt paydown target to $1 billion in 2025, showcasing a commitment to strengthening its balance sheet. These factors, along with a leaner cost structure and increased synergy targets, position Expand Energy favorably for future growth, justifying the Buy rating.
According to TipRanks, Deckelbaum is a 3-star analyst with an average return of 4.4% and a 42.08% success rate. Deckelbaum covers the Energy sector, focusing on stocks such as California Resources Corp, Coterra Energy, and EOG Resources.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $130.00 price target.