Expand Energy(EXE) Shares Soar 2.17% On Drilling Boost

Expand Energy(EXE) shares surged to a record high today, with an intraday gain of 2.17%.

The strategy of buying EXPE shares after they reached a recent high and holding for 1 week resulted in a 16.25% annualized return over the past 5 years, slightly underperforming the market by 1.23 percentage points. This approach produced a final value of $2,148.94 for a $1,000 investment, highlighting the importance of compounded returns in stock growth over time.

Expand Energy has seen a significant boost in its drilling operations in the Haynesville region, with performance increasing by 42% since the merger. This improvement is expected to enhance the company's operational efficiency and output, contributing to its overall growth.

Analysts have shown strong confidence in Expand Energy, rating it as a Strong Buy with a target price of $214 per share. This rating is driven by the robust demand for natural gas both domestically and internationally, as well as the company's significant cost efficiencies. Additionally, Wolfe has adjusted its price target to $149, reflecting positive market sentiment and analyst optimism about the stock's future potential.

Eric Nuttall has identified Expand Energy as a top pick due to its excellent long-term exposure to the bullish outlook for natural gas. This is particularly relevant given the increased demand for LNG on the U.S. Gulf Coast. The structural bull market for natural gas is expected to provide substantial benefits to Expand Energy, further supporting its positive outlook.