Expand Energy Corporation (NASDAQ:EXE) is one of the Best Oil and Gas Stocks to Buy According to Analysts. On August 14, Piper Sandler reduced the price target on the company’s stock to $136 from $140 while keeping an “Overweight” rating, as reported by The Fly. As per the firm, it has been a challenging investing environment in E&P to say the least. Furthermore, the analyst believes that the gas equities had been a relatively safe haven on near-term LNG capacity adds as well as demand stemming from power/data center. However, supply has been surprising to the upside despite reduced associated activity levels.
The firm also noted that there were some positives out of Q2, with operators driving efficiencies, resulting in lower capex to bring the same output. Also, the tax legislation in the “One Big Beautiful Bill” continues to drive incremental FCF across the group, or at least has been mitigating the weaker commodity strip. Considering the significant operational efficiency gains recognized via its integration efforts, Expand Energy Corporation (NASDAQ:EXE) remains on track to capture ~$500 million in annual synergies in 2025. Expand Energy Corporation (NASDAQ:EXE) expects to ultimately achieve $600 million in annual synergies by 2026 end.
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Disclosure: None. This article is originally published at Insider Monkey.