Bernstein Remains a Buy on Expand Energy (EXE)

In a report released on March 20, Bob Brackett from Bernstein maintained a Buy rating on Expand Energy, with a price target of $160.00. The company’s shares closed last Friday at $107.32.

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Brackett covers the Energy sector, focusing on stocks such as Conocophillips, Devon Energy, and EQT. According to TipRanks, Brackett has an average return of 19.4% and a 65.12% success rate on recommended stocks.

In addition to Bernstein, Expand Energy also received a Buy from J.P. Morgan’s Zach Parham in a report issued on March 20. 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.