Barclays Sticks to Their Buy Rating for Expand Energy (EXE)

In a report released on March 13, Betty Jiang from Barclays maintained a Buy rating on Expand Energy, with a price target of $127.00. The company’s shares closed last Friday at $107.02.

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Jiang covers the Energy sector, focusing on stocks such as Coterra Energy, Chevron, and Devon Energy. According to TipRanks, Jiang has an average return of 5.2% and a 54.55% success rate on recommended stocks.

Expand Energy has an analyst consensus of Strong Buy, with a price target consensus of $132.55, representing a 23.86% upside. In a report released on March 12, Piper Sandler also maintained a Buy rating on the stock with a $138.00 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, Michael Wichterich, the Interim President and CEO of EXE bought 2,000.00 shares for a total of $215,000.00.