Jefferies Reaffirms Their Buy Rating on Expand Energy (EXE)
In a report released today, Lloyd Byrne from Jefferies reiterated a Buy rating on Expand Energy, with a price target of $141.00.
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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Baker Hughes Company. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.
In addition to Jefferies, Expand Energy also received a Buy from Barclays’s Betty Jiang in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Expand Energy (NASDAQ: EXE).
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.
Read More on EXE:
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- Expand Energy price target lowered to $120 from $125 at BMO Capital
- AI Models Turn More Positive on Expand Energy as Fundamentals Outrun the Chart
- Expand Energy appoints Marcel Teunissen as CFO
- Expand Energy Names Marcel Teunissen New Chief Financial Officer
- EXE: Discounted Valuation, Tier 1 Haynesville Assets, and Strategic Execution Support Buy Rating
