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Expand Energy (EXE) Price Target Cut by $5, ‘Outperform’ Rating Maintained
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Expand Energy Corporation (NASDAQ:EXE) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts. Formed in 2024 by the merger of Chesapeake Energy Corporation and Southwestern Energy Company, Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the United States. On April 7, BMO Capital analyst Phillip Jungwirth trimmed the firm’s price target on Expand Energy Corporation (NASDAQ:EXE) from $125 to $120, but maintained an ‘Outperform’ rating on the shares. The lowered target still represents an upside of over 21% from the current share price. The move comes as part of BMO Capital’s broader research note, with the firm revising its models with updated Q1 mark-to-market assumptions to reflect the Middle East conflict and the ongoing oversupply issues in the North American natural gas market. The global oil and equity markets remain on edge, watching President Trump’s next move. According to the analyst, a resolution of the Iran war would reopen flows through the Strait of Hormuz and bring oil prices down to the $75-$85 per barrel range. On the other hand, crude prices could soar even further into the $150-$200 per barrel range if the situation escalates further and Hormuz remains closed. While BMO expressed concerns over the high economic cost of an escalated and prolonged conflict, it expects the hostilities to wind down by the end of this month. While we acknowledge the potential of EXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 15 Best S&P 500 Stocks to Buy Right Now and 15 Utility Stocks with Highest Dividends Disclosure: None. Follow Insider Monkey on Google News.
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