Expand Energy (EXE) Gets a Buy from Piper Sandler

In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Expand Energy, with a price target of $136.00.

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According to TipRanks, Lear is a 4-star analyst with an average return of 5.1% and a 57.45% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum.

In addition to Piper Sandler, Expand Energy also received a Buy from Benchmark Co.’s Subash Chandra in a report issued today. 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 26 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.