The share price of Expand Energy Corporation dropped 1.72% from January 9 to January 16, 2026. This placed it among the week's worst-performing energy stocks.
On January 16, BofA reduced its price target for Expand Energy from $143 to $125. The bank maintained a 'Buy' rating on the shares. BofA cited a rising risk of oversupply in 2027 and lower price forecasts as reasons for lowering targets across its gas-levered exploration and production group.
Earlier, on January 8, UBS analyst Josh Silverstein also cut his firm's price target for Expand Energy. The target was lowered from $154 to $150. UBS also kept a 'Buy' rating on the stock.
Natural gas prices have declined recently, adding pressure. On January 16, natural gas futures hit a three-month low of $3.1 per MMBtu. This followed storage data showing a withdrawal much smaller than projected, indicating looser supply-demand conditions.
Expand Energy Corporation was formed in 2024 through the merger of Chesapeake Energy Corporation and Southwestern Energy Company. It operates as an independent natural gas producer in the United States.