X-Energy, Inc. (NASDAQ:XE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a consensus “Moderate Buy” rating on X-Energy, with six buys, one strong buy, three holds and two sells. The average 12-month price target is $34.25, though targets range from $9 to $57.
• X-Energy reported $54.6 million in quarterly revenue, up 154% year over year, but its adjusted loss of $0.15 per share missed the $0.09 consensus estimate.
• The stock opened at $15.77, with a $6.41 billion market capitalization and a 52-week range of $13.29 to $37.10. Several institutional investors, including Bank of New York Mellon, recently initiated or increased positions.

Shares of X-Energy, Inc. (NASDAQ:XE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $34.25.

XE has been the topic of several research reports. Texas Capital raised shares of X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Guggenheim reaffirmed a "buy" rating and issued a $57.00 target price on shares of X-Energy in a report on Tuesday, September 8th. Piper Sandler initiated coverage on shares of X-Energy in a research note on Tuesday, September 8th. They set an "underweight" rating and a $9.00 target price for the company. Wall Street Zen lowered X-Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th.

Institutional Investors Weigh In On X-Energy

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

X-Energy Price Performance

XE stock opened at $15.77 on Monday. The firm has a market capitalization of $6.41 billion and a P/E ratio of -105.13. The company has a 50 day moving average price of $17.53. X-Energy has a twelve month low of $13.29 and a twelve month high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last announced its earnings results 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 for the quarter. X-Energy's revenue for the quarter was up 154.0% compared to the same quarter last year. On average, equities research analysts expect that X-Energy will post -0.67 EPS for the current fiscal year.

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.

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