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Analysts Remain Bullish on Expand Energy (EXE) Amid 24% YoY Organic Increase in Reserves
Yahoo Finance· 2026-03-13 11:16
Core Viewpoint - Overall sentiment surrounding Expand Energy Corporation (NASDAQ:EXE) remains positive amid a risky macro environment [1] Group 1: Analyst Sentiment and Price Targets - As of March 9, 2026, approximately 88% of analysts remain bullish, with a consensus price target of $133.00, implying a 22.43% upside [2] - Benchmark raised its price target for Expand Energy from $112 to $124, citing stronger natural gas realizations and a 24% organic increase in reserves as key factors [3] - Mark Lear of Piper Sandler reduced his price target from $137 to $136 while maintaining a "Neutral" rating, attributing the change to increased geopolitical tensions with Iran [4] Group 2: Company Performance and Market Context - Expand Energy Corporation produces and develops liquids, natural gas, and oil throughout the Haynesville, Northeast, and Southwest Appalachia, based in Oklahoma City [5] - Despite the geopolitical tensions, analysts view the immediate impact on U.S. operators as minimal, suggesting potential upside from higher commodity prices and downside from market uncertainty [5]