Group 1 - Expand Energy Corporation (NASDAQ:EXE) is considered one of the best inexpensive stocks to buy according to hedge funds, with KeyBanc lowering its price target to $127 from $135 while maintaining an Overweight rating [1] - In Q2 2025, Expand Energy reported a net income of $968 million, with an average daily production of approximately 7.20 billion cubic feet equivalent, where natural gas constituted 92% of this production [2] - The company operated an average of 11 rigs, drilled 49 new wells, and brought 59 wells online during the quarter, achieving its highest average drilled footage per day across all business units [2] Group 2 - Expand Energy has reduced its full-year 2025 drilling and completion capital expenditures guidance by approximately $100 million, bringing the total projected capital expenditures to around $2.9 billion [3] - The annual synergy outlook has been raised to $600 million by the end of 2026, a significant increase from initial expectations, and the company anticipates an additional $425 million in incremental free cash flow for 2025 [3] - Expand Energy operates as an independent natural gas production company in the US, engaging in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids [4]
KeyBanc Lowers Expand Energy (EXE) PT to $127 Due to Revised Natural Gas Price Forecast