Raymond James Raises the Firm's PT on Expand Energy Corporation (EXE), Keeps a Buy

Expand Energy Corporation (NASDAQ:EXE) is one of the Best Low Cost Stocks to Buy According to Analysts. On September 11, John Freeman from Raymond James raised the firm’s price target on Expand Energy Corporation (NASDAQ:EXE) from $146 to $150, while keeping a Buy rating on the stock.

The analyst noted that his Q3 production estimates remain steady for the company as he is expecting little change from the previous quarter. He noted that the company is well-positioned for growth. Moreover, the company is set to benefit from the rising natural gas prices, and its production is also expected to grow over the next few years.

In addition, on September 10, Mark Lear from Piper Sandler also reiterated a Buy rating on the stock with a price target of $136. Overall, analysts’ 12-month price target reflects 39.94% upside from the current level.

Expand Energy Corporation (NASDAQ:EXE) is an independent natural gas producer in the United States. It operates mainly in Louisiana, Pennsylvania, West Virginia, and Ohio, focusing on natural gas, oil, and natural gas liquids.

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