J.P. Morgan Reaffirms Their Buy Rating on Expand Energy (EXE)

J.P. Morgan analyst Zach Parham maintained a Buy rating on Expand Energy yesterday and set a price target of $127.00. The company’s shares closed yesterday at $103.18.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Parham covers the Energy sector, focusing on stocks such as Expand Energy, Phillips 66, and National Fuel Gas Company. According to TipRanks, Parham has an average return of 8.5% and a 64.74% success rate on recommended stocks.

Currently, the analyst consensus on Expand Energy is a Strong Buy with an average price target of $132.14, a 28.07% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $125.00 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 27 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. Earlier this month, Matthew Gallagher, a Director at EXE bought 1,000.00 shares for a total of $100,660.00.