Siebert Williams Shank & Co Sticks to Their Buy Rating for Expand Energy (EXE)

In a report released on February 27, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Expand Energy, with a price target of $148.00. The company’s shares closed last Friday at $107.92.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.4% and a 66.39% success rate. Sorbara covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Ovintiv.

In addition to Siebert Williams Shank & Co, Expand Energy also received a Buy from Barclays’s Betty Jiang in a report issued on February 23. However, on the same day, Wells Fargo maintained 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, Matthew Gallagher, a Director at EXE bought 1,000.00 shares for a total of $100,660.00.