X-Energy, Inc. (NASDAQ:XE) Stock Has Consensus Target Price of $33.38

Shares of X-Energy, Inc. (NASDAQ:XE) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.25.

XE has been the subject of a number of recent analyst reports. Weiss Ratings began coverage on X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. Piper Sandler dropped their price objective on X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday. Texas Capital raised X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of X-Energy in a research note on Friday, August 14th. Finally, Morgan Stanley decreased their target price on X-Energy from $41.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th.

Institutional Trading of X-Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. purchased a new stake in shares of X-Energy during the 3rd quarter worth approximately $269,000. Inspire Investing LLC acquired a new position in shares of X-Energy in the 3rd quarter valued at $390,000. SBI Securities Co. Ltd. boosted its holdings in shares of X-Energy by 81.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 13,615 shares of the company’s stock valued at $193,000 after buying an additional 6,109 shares in the last quarter. Delta Capital Management LLC purchased a new position in shares of X-Energy in the 3rd quarter valued at $154,000. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of X-Energy by 152.9% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 48,050 shares of the company’s stock valued at $681,000 after buying an additional 29,050 shares during the last quarter.

X-Energy Price Performance

Shares of XE stock opened at $10.63 on Friday. The stock’s fifty day moving average price is $15.72. X-Energy has a 12 month low of $10.04 and a 12 month high of $37.10.

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 company had revenue of $54.60 million during the quarter. The firm’s revenue was up 154.0% compared to the same quarter last year. On average, sell-side analysts anticipate that X-Energy will post -0.76 earnings per share for the current year.

About X-Energy

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.