CenterPoint Energy Sees Unusually High Options Volume (CNP)
Shares of CenterPoint Energy (NYSE:CNP) was the target of some unusual options trading activity on Monday. Traders acquired 12,568 call options on the company, Stock Ratings Network reports. This is an increase of approximately 279% compared to the average volume of 3,315 call options.
A number of research firms have recently commented on CNP. Analysts at Zacks reiterated a “neutral” rating on shares of CenterPoint Energy (NYSE:CNP) in a research note to investors on Wednesday, August 28th. They now have a $24.00 price target on the stock. Analysts at UBS AG downgraded shares of CenterPoint Energy (NYSE:CNP) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. CenterPoint Energy presently has an average rating of “Hold” and a consensus price target of $25.67.
CenterPoint Energy (NYSE:CNP) traded up 0.17% on Monday, hitting $23.97. The stock had a trading volume of 3,036,176 shares. CenterPoint Energy has a 1-year low of $18.79 and a 1-year high of $25.65. The stock’s 50-day moving average is $23.37 and its 200-day moving average is $23.72. The company has a market cap of $10.274 billion and a price-to-earnings ratio of 54.39.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts predict that CenterPoint Energy will post $1.22 earnings per share for the current fiscal year.
CenterPoint Energy, Inc is a public utility holding company whose indirect wholly owned subsidiaries include CenterPoint Energy Houston Electric, LLC (NYSE:CNP), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast, which includes the city of Houston, and CenterPoint Energy Resources Corp.
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