11:35 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $115, up $2, reflects a 4.3x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is slightly above EXE's historical forward average but is merited by a stronger outlook for natural gas prices, in our view. We cut our '25 EPS estimate by $1.19 to $7.14 but raise '26's by $0.90 to $11.18. In our view, EXE has a relatively high-cost operating model given its exposure to the Haynesville Shale (where gas wells are often located further underground than in other gas plays). However, we also note that the EIA is projecting the Henry Hub gas benchmark to average $3.70/MMBtu in 2025 and $4.40/MMBtu in 2026, which is a far cry from 2024's $2.20/MMBtu average. Should the EIA estimates come even close to fruition, we think earnings power can rise significantly. Shares yield 2.4%, adding to total return potential.