Truist lowered the firm’s price target on Expand Energy (EXE) to $133 from $136 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in nat-gas exploration and production. Key themes for the quarter included higher nat-gas realizations driven by Winter Storm Fern, though first-of-month vs. daily price volatility also drove higher-than-expected hedge losses for some companies, the analyst tells investors in a research note.
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