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Morgan Stanley Sticks to Its Buy Rating for Expand Energy (EXE)

Tipranks - Tipranks - Tue Jan 27, 7:28AM CST

Morgan Stanley analyst Devin McDermott maintained a Buy rating on Expand Energy today and set a price target of $136.00.

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McDermott covers the Energy sector, focusing on stocks such as Exxon Mobil, Chevron, and EQT. According to TipRanks, McDermott has an average return of 9.5% and a 57.11% success rate on recommended stocks.

In addition to Morgan Stanley, Expand Energy also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued today. However, on the same day, TipRanks – Google downgraded Expand Energy (NASDAQ: EXE) to a Hold.

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Based on Expand Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.97 billion and a net profit of $547 million. In comparison, last year the company earned a revenue of $646 million and had a GAAP net loss of $114 million

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