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

Citi analyst Paul Diamond CFA maintained a Buy rating on Expand Energy yesterday and set a price target of $125.00. The company’s shares closed yesterday at $107.71.

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Diamond CFA covers the Energy sector, focusing on stocks such as Range Resources, Magnolia Oil & Gas, and Chord Energy. According to TipRanks, Diamond CFA has an average return of 6.1% and a 58.20% success rate on recommended stocks.

In addition to Citi, Expand Energy also received a Buy from Mizuho Securities’s Nitin Kumar CFA in a report issued today. However, on March 9, Roth MKM 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. Earlier this month, Michael Wichterich, the Interim President and CEO of EXE bought 2,000.00 shares for a total of $215,000.00.