5 Most Undervalued Natural Gas Stocks to Buy Now

3. Expand Energy Corporation (NASDAQ:EXE)

Forward P/E Ratio as of April 15: 9.92

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.

On April 13, UBS lowered its price target on Expand Energy Corporation (NASDAQ:EXE) from $139 to $133, but maintained its ‘Buy’ rating on the shares. The reduced target, which still indicates an upside of over 38% from the current price levels, comes as the analyst firm updated the company’s model as part of a Q1 preview. According to UBS, EXE’s stock weakness has driven a faster buyback.

Similarly, earlier on April 7, BMO Capital analyst Phillip Jungwirth also trimmed the firm’s price target on Expand Energy Corporation (NASDAQ:EXE) from $125 to $120, while keeping an ‘Outperform’ rating on the shares.

With an upside potential of over 38% as of the writing of this piece, Expand Energy Corporation (NASDAQ:EXE) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts.