Siebert Williams Shank & Co Reaffirms Their Buy Rating on Expand Energy (EXE)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Expand Energy today and set a price target of $143.00.

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Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 13.5% and a 62.81% success rate on recommended stocks.

In a report released on April 17, Barclays also maintained a Buy rating on the stock with a $127.00 price target.

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.