Bernstein Sticks to Its Buy Rating for Expand Energy (EXE)

In a report released on February 27, Bob Brackett from Bernstein maintained a Buy rating on Expand Energy, with a price target of $144.00.

Claim 70% 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

According to TipRanks, Brackett is a 5-star analyst with an average return of 21.5% and a 65.57% success rate. Brackett covers the Energy sector, focusing on stocks such as Conocophillips, Devon Energy, and EQT.

In addition to Bernstein, Expand Energy also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued on February 27. However, on February 23, 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.