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

X-Energy (NASDAQ:XE) was upgraded by equities research analysts at Texas Capital to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

XE has been the subject of several other research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 price objective on shares of X-Energy in a report on Wednesday, June 24th. TD Cowen reissued a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of X-Energy in a report on Friday, August 14th. UBS Group dropped their price target on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, X-Energy has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

X-Energy Trading Down 4.0%

X-Energy stock opened at $15.02 on Monday. The business’s 50-day moving average price is $17.59. The stock has a market capitalization of $6.10 billion and a price-to-earnings ratio of -100.13. X-Energy has a 1-year low of $13.29 and a 1-year high of $37.10.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. The firm’s quarterly revenue was up 154.0% compared to the same quarter last year. Sell-side analysts anticipate that X-Energy will post -0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of X-Energy in the 2nd quarter valued at approximately $95,000. Formula Growth Ltd. bought a new stake in shares of X-Energy during the second quarter valued at approximately $174,000. AXQ Capital LP purchased a new stake in X-Energy in the second quarter worth $188,000. Public Employees Retirement System of Ohio bought a new position in X-Energy in the second quarter worth $221,000. Finally, Bank of New York Mellon Corp bought a new position in X-Energy in the second quarter worth $1,251,000.

About X-Energy

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.