KeyBanc Lowers Expand Energy (EXE) PT to $127 Due to Revised Natural Gas Price Forecast

Expand Energy Corporation (NASDAQ:EXE) is one of the best inexpensive stocks to buy according to hedge funds. On September 3, KeyBanc lowered the firm’s price target on Expand Energy to $127 from $135, while maintaining an Overweight rating on the shares. The firm says its updated estimates reflect KeyBanc’s revised natural gas price forecast.

In Q2 2025, the company reported a net income of $968 million. The company’s average daily production was ~7.20 billion cubic feet equivalent/Bcfe, with natural gas making up 92% of this production. During the quarter, Expand Energy operated an average of 11 rigs, drilling 49 new wells and bringing 59 wells online. The company also achieved its highest average drilled footage per day across all three of its business units.

The company has reduced its full-year 2025 drilling and completion capital expenditures guidance by ~$100 million, bringing the total projected capital expenditures to around $2.9 billion. The annual synergy outlook has been raised to $600 million by the end of 2026, a significant increase from initial expectations. Furthermore, the company anticipates an additional $425 million in incremental free cash flow for 2025, primarily from improved business performance.

Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the US. The company engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids.

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Disclosure: None. This article is originally published at Insider Monkey.