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

X-Energy, Inc. (NASDAQ:XE) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $33.38.

Several equities analysts have recently issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $57.00 target price on shares of X-Energy in a report on Tuesday, September 8th. TD Cowen reiterated a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a report on Friday, August 14th. Piper Sandler began coverage on X-Energy in a research report on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 target price on the stock. Finally, Texas Capital raised shares of X-Energy to a “strong-buy” rating in a report on Monday, September 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of X-Energy during the 3rd quarter valued at $397,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of X-Energy in the 3rd quarter worth $160,000. GK Wealth Management LLC bought a new position in X-Energy in the 3rd quarter worth $57,000. Two Seas Capital LP raised its holdings in X-Energy by 39.4% in the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock worth $19,773,000 after purchasing an additional 394,413 shares during the period. Finally, Segra Capital Management LLC lifted its position in X-Energy by 8.3% during the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock valued at $222,314,000 after purchasing an additional 1,202,283 shares in the last quarter.

X-Energy Price Performance

Shares of X-Energy stock opened at $11.45 on Friday. X-Energy has a 52-week low of $10.80 and a 52-week high of $37.10. The business has a 50 day moving average price of $16.79. The company has a market capitalization of $4.65 billion and a PE ratio of -76.33.

X-Energy (NASDAQ:XE) last released its quarterly 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 business had revenue of $54.60 million during the quarter. The company’s quarterly revenue was up 154.0% compared to the same quarter last year. Analysts forecast that X-Energy will post -0.71 earnings per share for the current year.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.