Piper Sandler analyst Mark Lear initiated coverage of Expand Energy (EXE) with a Neutral rating and $96 price target Expand has emerged as the largest domestic gas producer and a “top-tier operator” in both core operating areas in terms of asset productivity, the analyst tells investors in a research note. The firm cites its long-term gas forecast that is below the fiscal 2025 and 2026 strip for its Neutral rating, but projects the company will offer the best leverage to upside gas pricing in exploration and production. Piper thinks Expand’s valuation remains attractive relative to the gas peer group.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXE:
- Expand Energy price target raised to $116 from $100 at Roth MKM
- Expand Energy price target raised to $136 from $127 at Morgan Stanley
- Expand Energy upgraded to Outperform from Sector Perform at Scotiabank
- Expand Energy initiated with a Hold at TD Cowen
- Expand Energy price target raised to $125 from $115 at Citi