5 Most Undervalued Oil Stocks to Buy According to Analysts

2. Expand Energy Corporation (NASDAQ:EXE)

On March 12, Piper Sandler raised its price target on 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.

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 Sandler analyst Mark Lear lowered the firm’s price target on EXE from $137 to $136 while keeping a Neutral rating. The firm said the rotation trade received a boost this week, as the conflict with Iran has put around 20% of global oil, gas, and product supply at risk. Although the geopolitical situation has drawn attention away from the companies’ fourth-quarter results and fiscal 2026 outlook, Piper Sandler expects minimal changes from U.S. operators despite the ongoing tensions.

Expand Energy Corporation (NASDAQ:EXE) is an independent natural gas production company operating in the United States. It is involved in the exploration, acquisition, and development of properties to produce natural gas, oil, and natural gas liquids. The company is headquartered in Oklahoma City, Oklahoma.