Citi Reaffirms Their Buy Rating on Expand Energy (EXE)

In a report released on April 2, Paul Diamond CFA from Citi maintained a Buy rating on Expand Energy, with a price target of $125.00. The company’s shares closed last Thursday at $103.89.

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Diamond CFA covers the Energy sector, focusing on stocks such as Range Resources, Magnolia Oil & Gas, and Chord Energy. According to TipRanks, Diamond CFA has an average return of 6.1% and a 58.20% success rate on recommended stocks.

In addition to Citi, Expand Energy also received a Buy from Morgan Stanley’s Devin McDermott in a report issued on March 27. However, on April 1, KeyBanc downgraded Expand Energy (NASDAQ: EXE) to a Hold.

Based on Expand Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.05 billion and a net profit of $553 million. In comparison, last year the company earned a revenue of $2 billion and had a GAAP net loss of $399 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXE in relation to earlier this year. Last month, Michael Wichterich, the Interim President and CEO of EXE bought 2,000.00 shares for a total of $215,000.00.