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Investing.com - Mizuho (NYSE:MFG) has raised its price target on Expand Energy (NASDAQ:EXE) to $142.00 from $141.00 while maintaining an Outperform rating on the stock. The company’s stock has shown strong momentum, delivering a 48% return over the past year and trading near its 52-week high of $123.34.
The firm expects Expand Energy to miss second-quarter 2025 EBITDAX and cash flow per share estimates by approximately 3% compared to consensus expectations, primarily due to softer pricing despite strong volume momentum. According to InvestingPro data, the company’s revenue grew 35.6% in the last twelve months, with analysts forecasting continued growth this year.
Mizuho notes that management’s outlook for the second half of 2025 and into 2026 will be a key focus, particularly regarding LNG exports and data center demand that could potentially tighten the natural gas market. Get deeper insights into Expand Energy’s growth prospects with InvestingPro, which offers exclusive analysis and 10 additional ProTips for this stock.
Expand Energy plans to add 2-3 rigs in the second half of 2025 to build toward approximately 7.5 bcfe/d production in 2026, positioning its asset base for natural gas prices in the $3.50-$4.00/mmbtu range.
The company continues to target $500 million in synergies by 2026 and aims to return approximately 75% of incremental free cash flow through share buybacks and variable dividends, with management indicating plans to increase its net debt reduction target in 2026 to capitalize on improved pricing.
In other recent news, several investment firms have updated their outlooks on Expand Energy. Citi has revised its price target to $140, maintaining a Buy rating, citing production growth stability and positive commodity fundamentals. KeyBanc Capital Markets also raised its price target to $135, highlighting a "cash return inflection" and sustained mid-teens return on equity. Piper Sandler increased its target to $139, noting strong well productivity and the company’s positioning in the natural gas market. Bernstein SocGen initiated coverage with an Outperform rating and a $150 price target, emphasizing the potential for a U.S. gas supercycle and Expand Energy’s significant role in the Haynesville Shale. Piper Sandler further upgraded the stock from Neutral to Overweight with a new target of $136, pointing to strategic positioning in LNG export growth. These recent developments reflect a general positive sentiment among analysts regarding Expand Energy’s future prospects in the energy sector.
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