Mizuho Reduces PT on Expand Energy Corporation (EXE) Stock

Expand Energy Corporation (NASDAQ:EXE) is one of the Most Promising Energy Stocks According to Wall Street Analysts. On September 15, Mizuho analyst Nitin Kumar lowered the price target on Expand Energy Corporation (NASDAQ:EXE)’s stock to $136 from $154, while keeping a “Neutral” rating, as reported by The Fly. As per the analyst, the oil stocks have been pricing in the current strip, while the gas stocks are providing a 10%-15% discount based on implied commodity prices. Furthermore, the firm has a relative preference for the large-cap, gas exploration, and production companies possessing a selective exposure to the core oil names.

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.  Now, the company plans to spend $100 million less capital in 2025, running ~11 rigs and investing ~$2.6 billion, yielding an estimated daily production of ~7.1 Bcfe/d. It also plans to build incremental productive capacity for additional $275 million by exiting 2025 with ~12 rigs.

While we acknowledge the potential of EXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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