Expand Energy (EXE) Receives a Buy from Barclays

In a report released today, Betty Jiang from Barclays maintained a Buy rating on Expand Energy, with a price target of $127.00.

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Jiang covers the Energy sector, focusing on stocks such as Diamondback, Exxon Mobil, and APA. According to TipRanks, Jiang has an average return of 4.6% and a 50.00% success rate on recommended stocks.

In addition to Barclays, Expand Energy also received a Buy from UBS’s Josh Silverstein in a report issued on April 13. 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 29 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.