Expand Energy Corporation shares have fallen 27.5% over the past year, sharply underperforming the State Street Energy Select Sector SPDR ETF, which gained 21.5% in the same period. The stock, with a market capitalization of roughly $21.2 billion, is down 30.2% from its 52-week high of $126.62 reached last December and has declined 17.6% over the past three months, compared with an 8.9% drop for the XLE. Weakness in natural gas prices and oversupply concerns have weighed on the largest independent U.S. natural gas producer, while peer Coterra Energy Inc. posted a 42% gain over the past year. Despite the underperformance, 26 analysts maintain a consensus Strong Buy rating with an average price target of $132.56, implying a potential upside of about 49.9% from current levels.
Coterra Energy IncPeer Coterra Energy posted a 42% gain over the past year, contrasting with Expand's decline.
Devon Energy Corporation
Expand Energy CorporationWeakness in natural gas prices and oversupply concerns have weighed on the largest independent U.S. natural gas producer.