Expand Energy's $230M Volume Ranks 463rd as Analysts Clash on Price Targets and Earnings Outlook

Expand Energy (EXE) closed at a 0.43% decline on September 4, with a trading volume of $0.23 billion, ranking 463rd in market activity. Analysts at Piper Sandler revised their price target for the stock to $136 from $140, maintaining an “Overweight” rating. The firm cited challenges in the E&P sector, including unexpected supply increases despite reduced activity levels, while noting gas equities remain a relative safe haven due to near-term LNG capacity additions and demand from power and data center sectors.

The company highlighted operational efficiencies from integration efforts, which are expected to drive ~$500 million in annual synergies in 2025 and potentially $600 million by 2026. Tax legislation under the “One Big Beautiful Bill” is also contributing to incremental free cash flow, offsetting weaker commodity price trends. These factors underscore the firm’s confidence in Expand’s cost management and strategic execution.

Despite these positives, analysts expressed caution. Roth Capital cut EPS forecasts across 2025 and 2026 by up to 53%, retaining a “Neutral” rating and a $98 price target. The move reflects broader concerns about oversupply in the natural gas market, which has pressured earnings estimates. Insider buying activity, including purchases by CEO Domenic Dell’osso and COO Joshua Viets, added short-term support but did not offset broader analyst skepticism.

Backtest results indicate that EXE’s 52-week range is 56.84–107.96, with a current price of $96.66. The stock’s 3-year return stands at 29.44%, compared to the S&P 500’s 65.69%, while its 5-year return of 394.19% significantly outperforms the benchmark’s 89.73%. Analysts remain divided, with Piper Sandler’s optimism contrasting against Roth Capital’s bearish outlook.