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Stock impact report

Is Expand Energy (EXE) Among the Energy Stocks that Fell This Week? [Yahoo! Finance]

Expand Energy Corporation (EXE) 
Company Research Source: Yahoo! Finance
Formed in 2024 by the merger of Chesapeake Energy Corporation and Southwestern Energy Company, Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the United States. Expand Energy Corporation (NASDAQ:EXE) had a setback on January 16 when BofA lowered its price target on the stock from $143 to $125, but maintained a ‘Buy' rating on the shares. The lowered target comes as the firm reduced its price objectives for the gas-levered E&P group, driven by a rising risk of oversupply in 2027 and lower price forecasts. Earlier on January 8, UBS analyst Josh Silverstein also cut the firm's price target on Expand Energy Corporation (NASDAQ:EXE) from $154 to $150, while keeping a ‘Buy' rating on the shares. Expand Energy Corporation (NASDAQ:EXE) has also been under pressure over the last month due to a decline in natural gas prices. Natural gas futures fell to a 3-month low of $3.1 per MMBtu on January 16 after storage data showed a much small Show less Read more
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