BUZZ-Gerdes Energy Research cuts PT on Expand Energy
Reuters
14 hours ago
BUZZ-Gerdes Energy Research cuts PT on Expand Energy
** Gerdes Energy Research cuts target price on U.S. natural gas producer Expand Energy EXE.O by $10 to $141
** The new price target represents a ~49% upside to the stock's last close
** Brokerage lowers PT on EXE due to an approximate 100 basis points higher cost-of-capital to improve the reconciliation of the company’s cost-of-capital and market capitalization
** "Our outlook implies an ~18% improvement in capital intensity with the integration of Southwestern," — brokerage
** 24 of 28 brokerages rate the stock "buy" or higher and 4 "hold"; their median PT is $133.5 — data compiled by LSEG
** Including session's move, stock down 4% YTD
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
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