X-Energy, Inc. (NASDAQ:XE) Receives $34.25 Average Target Price from Brokerages

Shares of X-Energy, Inc. (NASDAQ:XE) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.25.

A number of analysts recently commented on the company. Weiss Ratings assumed coverage on X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. Guggenheim reissued a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a research report on Tuesday, September 8th. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. UBS Group decreased their target price on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $22.00 target price on shares of X-Energy in a research note on Wednesday, June 24th.

X-Energy Stock Up 0.1%

Shares of XE stock opened at $16.38 on Monday. X-Energy has a 52-week low of $13.29 and a 52-week high of $37.10. The stock has a 50-day moving average price of $17.60. The company has a market cap of $6.66 billion and a P/E ratio of -109.20.

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

Institutional Trading of X-Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new stake in shares of X-Energy during the 2nd quarter worth approximately $15,011,000. State Street Corp purchased a new position in X-Energy in the second quarter valued at approximately $8,522,000. BlueCrest Capital Management Ltd bought a new position in X-Energy during the second quarter valued at $7,436,000. Squarepoint Ops LLC bought a new position in X-Energy during the second quarter valued at $5,967,000. Finally, Tidal Investments LLC purchased a new stake in X-Energy in the second quarter worth $3,344,000.

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.