Morgan Stanley cuts Expand Energy target to USD 124 for Expand Energy stock

Published on 10/20/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 2.96 billion in second-quarter 2026. Expand Energy stock costs EUR 82.50 on October 20, 2026, down 1.04 percent versus the Xetra close.

Analyst target and quarterly figures

On October 15, 2026, Morgan Stanley cut its Expand Energy target from USD 129.00 to USD 124.00.
Second-quarter 2026 revenue was USD 2.96 billion, compared with USD 3.69 billion a year earlier.
Expand Energy stock costs EUR 82.50 at Lang & Schwarz on October 20, 2026 at 6:39 p.m. CEST, 1.04 percent below the Xetra close of EUR 83.37.
Market capitalization was USD 21.5 billion and the price-to-earnings ratio was 8.01 as of October 20, 2026.

Expand Energy, US1651677353, Illustration mit AI erstellt.

On October 15, 2026, Morgan Stanley cut its Expand Energy target from USD 129.00 to USD 124.00 while keeping an overweight rating, as MarketBeat reported. Expand Energy stock was trading at EUR 82.50 at Lang & Schwarz on October 20, 2026 at 6:39 p.m. CEST, down 1.04 percent versus the Xetra close of EUR 83.37 on October 20, 2026.

Revenue fell in the second quarter

Expand Energy reported USD 2.96 billion in revenue for the second quarter of 2026, compared with USD 3.69 billion in the same period a year earlier. Net profit was USD 522 million, down from USD 968 million, while adjusted earnings per share came in at USD 1.33 versus a USD 1.13 consensus estimate, according to Markets Insider. The figures put the analyst target revision beside a clear year-over-year slowdown in reported revenue and profit.

Stock stays above its yearly low

Expand Energy traded at USD 92.67 on the Nasdaq at 12:45 p.m. ET on October 20, 2026. Its 52-week range was USD 83.25 to USD 126.62, placing the price 11.31 percent above the low and 26.81 percent below the high. The quote showed 1,297,083 shares traded, while the year-to-date performance was minus 12.99 percent.

Valuation leaves room for comparison

Expand Energy had a market capitalization of USD 21.5 billion and a price-to-earnings ratio of 8.01 as of October 20, 2026. The latest reported quarter ended June 30, 2026, and operating cash flow for that period was USD 1.10 billion. The target of USD 124.00 lies 33.84 percent above the Nasdaq price of USD 92.67, using the same currency and the October 15, 2026 analyst note.

Comparison with peers

Expand Energy: down 0.27 percent, price-to-earnings ratio 8.01, market capitalization USD 21.5 billion.

Talos Energy (NYSE, USD): down 0.94 percent, price-to-earnings ratio minus 7.57, market capitalization USD 3.0 billion.

The Williams Companies (NYSE, USD): up 0.60 percent, price-to-earnings ratio 28.10, market capitalization USD 86.6 billion.

Analyst target remains the key marker

Morgan Stanley's USD 124.00 target sits above the latest Nasdaq quote, but the second-quarter comparison shows why the valuation debate depends on earnings quality as well as the target level. The market capitalization gap to The Williams Companies also highlights the different scale of the two businesses.

Expand Energy's current euro quotation is 1.04 percent below the Xetra close of EUR 83.37 on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Expand Energy stock.