Piper Sandler has revised its price target for Expand Energy (EXE, Financial), increasing it slightly from $101 to $103. Despite this adjustment, the firm maintains a Neutral rating on the company's shares. This decision is influenced by the challenging landscape anticipated in the first quarter, marred by trade-war tensions and overall macroeconomic uncertainties.
The market is also dealing with an increase in OPEC+ oil supply, adding complexity to the situation, along with a volatile seasonal gas market. Piper Sandler notes that such periods of instability can present investment opportunities, especially in companies like Expand Energy that possess substantial low-cost inventories and robust balance sheets.
However, the firm highlights the influence of market reversion and positioning on short-term performance, expressing a preference for oil over gas investments as the first quarter unfolds. This nuanced stance reflects the dynamics at play, as Piper navigates the tricky setup heading into the upcoming financial period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Expand Energy Corp (EXE, Financial) is $94.91 with a high estimate of $120.00 and a low estimate of $77.00. The average target implies an downside of 7.17% from the current price of $102.24. More detailed estimate data can be found on the Expand Energy Corp (EXE) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Expand Energy Corp's (EXE, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Expand Energy Corp (EXE, Financial) in one year is $81.48, suggesting a downside of 20.31% from the current price of $102.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Expand Energy Corp (EXE) Summary page.
