X-Energy (NASDAQ:XE) Raised 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 a number of other research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a research report on Friday, August 14th. Guggenheim reiterated a “buy” rating and set a $57.00 price target on shares of X-Energy in a research report on Tuesday, September 8th. JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target on the stock. UBS Group lowered their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Weiss Ratings began coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, X-Energy has a consensus rating of “Moderate Buy” and an average price target of $34.25.

X-Energy Trading Down 4.0%

XE opened at $15.02 on Monday. The company has a fifty day moving average price of $17.59. X-Energy has a 52 week low of $13.29 and a 52 week high of $37.10. The company has a market capitalization of $6.10 billion and a PE ratio of -100.13.

X-Energy (NASDAQ:XE) last issued its quarterly 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 business had revenue of $54.60 million during the quarter. The business’s quarterly revenue was up 154.0% compared to the same quarter last year. As a group, equities research analysts predict that X-Energy will post -0.67 EPS for the current year.

Institutional Investors Weigh In On X-Energy

Several institutional investors have recently bought and sold shares of XE. Tidal Investments LLC bought a new position in X-Energy during the 2nd quarter worth approximately $3,344,000. BlueCrest Capital Management Ltd purchased a new stake in shares of X-Energy during the second quarter valued at approximately $7,436,000. WINTON GROUP Ltd purchased a new stake in shares of X-Energy during the second quarter valued at approximately $1,645,000. IFP Advisors Inc bought a new position in shares of X-Energy in the second quarter worth approximately $95,000. Finally, Squarepoint Ops LLC bought a new position in shares of X-Energy in the second quarter worth approximately $5,967,000.

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.