Stephens analyst Mike Scialla raised the firm’s price target on Expand Energy (EXE) to $86 from $85 and keeps an Equal Weight rating on the shares. Q3 EBITDA and cash flow per share were 2% and 3% above consensus, respectively, notes the analyst, who views the earnings release positively. Q4 production and capex guidance were in-line and 1% below the Street view, respectively, while preliminary 2025 production and capex guidance were in-line and 12% below expectations, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXE:
- Expand Energy Reports Strong Q3 and Future Plans
- Expand Energy raises synergy outlook, outlines 2025 operating plan
- Expand Energy provides update on new capital return framework
- Expand Energy reports Q3 adjusted EPS 16c, consensus (6c)
- Crexendo Inc options imply 3.5% move in share price post-earnings