EnerNOC Inc. Hits New 52-Week High at $20.79 (ENOC)
Shares of EnerNOC (NASDAQ:ENOC) hit a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $20.79 and last traded at $20.46, with a volume of 1,058,219 shares trading hands. The stock had previously closed at $18.62.
A number of research firms have recently commented on ENOC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of EnerNOC in a research note to investors on Friday, January 3rd. They now have a $16.98 price target on the stock, down previously from $30.00. Separately, analysts at Macquarie raised their price target on shares of EnerNOC from $16.00 to $19.00 in a research note to investors on Wednesday, November 20th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.15.
In other EnerNOC news, SVP Gregg Dixon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.92, for a total value of $169,200.00. Following the transaction, the senior vice president now directly owns 368,508 shares in the company, valued at approximately $6,235,155. The sale was disclosed in a document filed with the SEC, which is available at this link.
EnerNOC has a 1-year low of $11.51 and a 1-year high of $19.08. The stock has a 50-day moving average of $16.96 and a 200-day moving average of $15.71. The company has a market cap of $581.3 million and a price-to-earnings ratio of 31.77.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, November 7th. The company reported $3.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.55 by $0.35. The company had revenue of $278.47 million for the quarter, compared to the consensus estimate of $270.81 million. During the same quarter in the prior year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. On average, analysts predict that EnerNOC will post $0.73 earnings per share for the current fiscal year.
EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.
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