Latest news with #ExpandEnergy
Yahoo
3 days ago
- Business
- Yahoo
Expand Energy ousts CFO Mohit Singh
(Reuters) -Expand Energy said on Thursday Mohit Singh, its chief financial officer since 2021, has left the natural gas producer, effective August 13. Singh departed due to a termination without cause and will pursue other interests, the company said. Expand Energy and Singh did not immediately respond to requests for comment. Insider Brittany Raiford has been appointed as interim CFO, the company said. Last month, the natural gas producer reported a second-quarter profit, compared with a year-earlier loss, as it benefited from higher output and stronger commodity prices. Sign in to access your portfolio
Reuters
3 days ago
- Business
- Reuters
Expand Energy ousts CFO Mohit Singh
Aug 14 (Reuters) - Expand Energy (EXE.O), opens new tab said on Thursday Mohit Singh, its chief financial officer since 2021, has left the natural gas producer, effective August 13. Singh departed due to a termination without cause and will pursue other interests, the company said. Expand Energy and Singh did not immediately respond to requests for comment. Insider Brittany Raiford has been appointed as interim CFO, the company said. Last month, the natural gas producer reported a second-quarter profit, compared with a year-earlier loss, as it benefited from higher output and stronger commodity prices.
Yahoo
07-08-2025
- Business
- Yahoo
Mizuho Raises Expand Energy (EXE) Price Target, Keeps Outperform Rating
Expand Energy Corporation (NASDAQ:EXE) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 30, Mizuho increased its price target for Expand Energy Corporation (NASDAQ:EXE) from $142 to $154 and kept an Outperform rating on the stock. This decision came after the company reported Q2 2025 results, which Mizuho sees as 'solid' both financially and operationally. Aerial view of a natural gas production facility with travelling pipelines extending from it. Expand Energy Corporation (NASDAQ:EXE) reported volumes at the high end of its guidance. The company also reduced its capital guidance for fiscal 2025 capital guidance by about $100 million and kept its volume guidance unchanged. The company also raised its forecast for free cash flow guidance in 2025 and 2026 by about $425 million and $500 million, respectively. This improved performance is expected thanks to savings in operating costs, synergies from the Southwestern Energy acquisition, and improved capital efficiencies. Expand Energy Corporation (NASDAQ:EXE) also increased its expectation for annual cost synergies to $600 million by the end of 2026. Expand Energy Corporation (NASDAQ:EXE) is America's largest natural gas producing company. While we acknowledge the potential of EXE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 12 Most Owned Stocks by Hedge Funds So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
31-07-2025
- Business
- Globe and Mail
Wall Street Analysts Are Bullish on Top Energy Picks
There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Expand Energy (EXE – Research Report) and Pembina Pipeline (PBA – Research Report) with bullish sentiments. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Expand Energy (EXE) Barclays analyst Betty Jiang maintained a Buy rating on Expand Energy today and set a price target of $139.00. The company's shares closed last Tuesday at $99.37. According to Jiang is a 1-star analyst with an average return of -2.5% and a 40.8% success rate. Jiang covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Antero Resources. ;'> Currently, the analyst consensus on Expand Energy is a Strong Buy with an average price target of $135.24, implying a 36.9% upside from current levels. In a report issued on July 17, Piper Sandler also maintained a Buy rating on the stock with a $139.00 price target. Pembina Pipeline (PBA) In a report released today, Theresa Chen from Barclays maintained a Buy rating on Pembina Pipeline, with a price target of C$57.00. The company's shares closed last Tuesday at $36.99. According to Chen is a 5-star analyst with an average return of 15.5% and a 69.0% success rate. Chen covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Enterprise Products Partners, and Kodiak Gas Services, Inc. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a $43.38 average price target, representing a 18.0% upside. In a report issued on July 24, RBC Capital also maintained a Buy rating on the stock with a C$62.00 price target.
Forbes
25-07-2025
- Business
- Forbes
What's Happening With EQT Stock?
Photo byEQT Corp (NYSE: EQT) has re-entered the limelight—but not in the manner investors desired. Shares of the most significant natural gas producer in the U.S. plummeted nearly 12% over the past five days, significantly trailing the broader energy sector. The primary reason? A 7% decrease in natural gas futures, driven by predictions of cooler-than-anticipated weather, high storage levels, and consistent production strength. Although EQT's Q2 2025 earnings exceeded expectations on EPS, the company fell short on revenue, and pipeline bottlenecks along with limited hedging left it vulnerable to price fluctuations—reducing the upside from $340 million in free cash flow. Natural gas producers such as EQT are extremely responsive to commodity fluctuations, and when prices drop, their stock prices often decline rapidly. EQT's decrease was one of the steepest in the sector. Competitors like Coterra Energy (NYSE: CTRA) and Expand Energy (NASDAQ: EXE) fell by 3% and 9%, respectively, but EQT's exposure to spot prices and pipeline limitations exacerbated the selloff. Nonetheless, if you seek upside with a smoother journey than investing in individual stocks, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception. What Caused the Decline? A Perfect Storm for Natural Gas Three major factors contributed to the steep drop in natural gas prices. Firstly, record-breaking U.S. production coupled with larger-than-anticipated storage injections indicated a growing supply surplus. Secondly, predictions of milder-than-usual weather diminished expectations for power-sector demand. Thirdly, reduced global LNG demand—especially from Asia and Europe—resulted in more gas being confined to the domestic market. This mixture of oversupply, weakening demand, and negative sentiment in the futures market created a perfect storm, leading to lower prices and dragging EQT stock down alongside them. Valuation: EQT Appears Expensive Its price-to-sales ratio is at 4.2x, higher than the S&P 500's 3.1x, while its price-to-free cash flow stands at 26.8x compared to the index's 20.9x. Additionally, EQT's price-to-earnings ratio is 27.4x, in contrast to the 26.9x for the wider market. These heightened multiples indicate that the stock is priced at a premium—an increasingly difficult proposition given the increased volatility in natural gas prices and the cyclical characteristics of the energy sector. Growth: A Positive Aspect, but Risks Persist EQT's strongest argument resides in its growth trajectory. The firm has demonstrated notable top-line expansion, with average revenue growth of 6.4% over the last three years, surpassing the S&P 500's 5.5%. Over the past year, revenue skyrocketed 39.6%, increasing from $4.5 billion to $6.3 billion. Most impressively, quarterly revenue surged 170% year-over-year, jumping from $952 million to $2.6 billion. These achievements are hard to ignore—but they bring up the question of sustainability if natural gas prices remain low. On the profitability side, EQT presents a mixed picture. Its operating margin of 21.6% is strong, and its operating cash flow margin of 53.9% significantly exceeds the S&P 500 average of 14.9%, underscoring the robustness of its core operations. However, the net income margin is only 5.8%, considerably lower than the S&P's 11.6%, reflecting the burden from high depreciation, hedging costs, and other non-cash expenses. The company's balance sheet reveals some concerning signals. EQT carries $8.3 billion in debt against a $34 billion market capitalization, resulting in a moderate debt-to-equity ratio of 24.4%, which is above the S&P 500's 19.4%. More worryingly, the company's liquidity is limited—holding only $555 million in cash on $40 billion in total assets, leading to a weak cash-to-assets ratio of 1.4%. That kind of thin cash reserve could present challenges during a downturn or if gas prices continue to face pressure. How Resistant Is EQT in a Crisis? EQT has historically lagged during market downturns, frequently declining more sharply and recovering more slowly than the wider market. It dropped 43% during the 2022 inflation shock (compared to 25.4% for the S&P 500), 54.5% in the 2020 COVID crash (versus 33.9%), and 69.5% in the 2008 financial crisis (against 56.8%), taking almost five years to recover from the latter. This pattern underscores EQT's susceptibility during periods of market stress. A Smarter Strategy for Engaging with the Market EQT showcases impressive growth and cash flow, but its weak balance sheet, mediocre profitability, and subpar performance in downturns raise concerns. Given its premium valuation and susceptibility to gas prices, the stock carries considerable downside risk despite its potential for upside. Investing in a single stock can be hazardous. You may want to consider the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to deliver strong returns for investors. How is this possible? The quarterly rebalanced mixture of large-, mid- and small-cap RV Portfolio stocks offered an adaptive approach to maximize opportunities during favorable market conditions while mitigating losses when markets decline, as outlined in RV Portfolio performance metrics.
