X-Energy (NASDAQ:XE) Rating Increased to Strong-Buy at Texas Capital

Texas Capital upgraded shares of X-Energy (NASDAQ:XE) to a strong-buy rating in a research note issued to investors on Monday,Zacks reports.

Several other research analysts have also commented on XE. Piper Sandler started coverage on shares of X-Energy in a report on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 price target on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. UBS Group dropped their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.25.

X-Energy Stock Performance

XE stock opened at $15.02 on Monday. The stock has a market capitalization of $6.10 billion and a P/E ratio of -100.13. The firm’s 50-day moving average price is $17.59. X-Energy has a 12-month low of $13.29 and a 12-month high of $37.10.

X-Energy (NASDAQ:XE) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The firm’s revenue was up 154.0% on a year-over-year basis. Equities analysts predict that X-Energy will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of X-Energy

A number of large investors have recently modified their holdings of XE. IFP Advisors Inc acquired a new position in X-Energy during the 2nd quarter valued at about $95,000. Formula Growth Ltd. acquired a new stake in shares of X-Energy in the second quarter valued at approximately $174,000. AXQ Capital LP bought a new stake in shares of X-Energy during the second quarter valued at approximately $188,000. Public Employees Retirement System of Ohio bought a new stake in shares of X-Energy during the second quarter valued at approximately $221,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of X-Energy during the second quarter worth approximately $1,251,000.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.