Piper Sandler Raises Expand Energy (EXE) Price Target To $138 [Yahoo! Finance]
Expand Energy Corporation (EXE)
Company Research
Source: Yahoo! Finance
Expand Energy Corporation (NASDAQ:EXE) shares from $136 to $138. The firm expects crude oil supply chain issues to persist and has increased its mid-cycle crude oil price expectation to $75 per barrel from $70. Why Barnwell Industries, Inc. (NYSE:BRN) Is Gaining This Week? Prior to the above, multiple analysts updated their bullish stance on the stock. Benchmark increased its price target on Expand Energy Corporation (NASDAQ:EXE) while reaffirming a Buy rating on March 5. The firm's analyst Subash Chandra raised the firm's price target on the stock from $112 to $124, and highlighted that the company's reserves grew organically by 24% last year. This growth was mainly driven by positive performance revisions. Benchmark also said that its forecast assumes reserves will remain at similar levels, while gas price realizations are expected to rise in the future. On the same day as the Benchmark update, Piper Sandler also issued a rating on Expand Energy Corporation (NASDAQ:EXE). Piper
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