Scotiabank has revised its price target for Expand Energy (EXE, Financial), lowering it from $130 to $120. Despite this adjustment, the firm retains an Outperform rating for the company's shares. The update comes as part of Scotiabank's comprehensive review of its forecasts for stocks in the North American Natural Gas sector.
Even with recent announcements regarding tariffs, Scotiabank remains optimistic about the sector's prospects. The firm is confident that a bull market is underway and highlights Expand Energy as one of the stocks with significant sensitivity to natural gas price movements.
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 5.02% from the current price of $99.93. 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 18.46% from the current price of $99.93. 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.
