13 Most Promising Energy Stocks According to Wall Street Analysts

Page 13 of 13

1. Expand Energy Corporation (NASDAQ:EXE)

Number of Hedge Fund Holders: 93

Average Upside Potential: ~37%

Expand Energy Corporation (NASDAQ:EXE) is one of the Most Promising Energy Stocks According to Wall Street Analysts. On September 15, Mizuho analyst Nitin Kumar lowered the price target on Expand Energy Corporation (NASDAQ:EXE)’s stock to $136 from $154, while keeping a “Neutral” rating, as reported by The Fly. As per the analyst, the oil stocks have been pricing in the current strip, while the gas stocks are providing a 10%-15% discount based on implied commodity prices. Furthermore, the firm has a relative preference for the large-cap, gas exploration, and production companies possessing a selective exposure to the core oil names.

Considering the significant operational efficiency gains recognized via its integration efforts, Expand Energy Corporation (NASDAQ:EXE) remains on track to capture ~$500 million in annual synergies in 2025. Expand Energy Corporation (NASDAQ:EXE) expects to ultimately achieve $600 million in annual synergies by 2026 end.  Now, the company plans to spend $100 million less capital in 2025, running ~11 rigs and investing ~$2.6 billion, yielding an estimated daily production of ~7.1 Bcfe/d. It also plans to build incremental productive capacity for additional $275 million by exiting 2025 with ~12 rigs.

While we acknowledge the potential of EXE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EXE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 13 of 13