11:50 AM EDT, 11/01/2025 (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 $110, cut $5, reflects a 5.0x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is about in line with that of EXE's first full year as a newly combined company (4.8x) following the merger of the former Chesapeake Energy and the former Southwestern Energy. Relative to gas-centric peers, it represents a modest discount, but we think a peer discount is reasonable given EXE's exposure to the Haynesville Shale, which is typically deeper and more expensive to drill than other gas plays. Our DCF model also finds shares about fairly valued. We cut our 2025 EPS estimate by $1.59 to $5.55 and 2026's by $1.64 to $9.54. EXE is about to embark on an ambitious capex program for 2026, but to be fair, it has driven down well costs by about 25% since 2023. The company is about 47% hedged for 2026, via collars with decent floor pricing that remains well in excess of EXE's break-even levels.