Ormat Technologies VP Sells $31,350 in Stock (ORA)
Ormat Technologies (NYSE:ORA) VP Shimon Hatzir sold 1,045 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $30.00, for a total transaction of $31,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ORA. Analysts at Ardour Capital raised their price target on shares of Ormat Technologies from $30.00 to $36.00 in a research note on Monday, May 12th. They now have an “accumulate” rating on the stock. Separately, analysts at Zacks downgraded shares of Ormat Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $32.50 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Ormat Technologies from $26.00 to $27.00 in a research note on Friday, March 28th.
Shares of Ormat Technologies (NYSE:ORA) traded down 1.43% on Thursday, hitting $28.99. 8,942 shares of the company’s stock traded hands. Ormat Technologies has a one year low of $21.23 and a one year high of $30.46. The stock’s 50-day moving average is $28.18 and its 200-day moving average is $27.2. The company has a market cap of $1.318 billion and a price-to-earnings ratio of 19.74.
Ormat Technologies (NYSE:ORA) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.26. The company had revenue of $142.44 million for the quarter, compared to the consensus estimate of $133.68 million. During the same quarter last year, the company posted $0.26 earnings per share. Ormat Technologies’s revenue was up 19.8% compared to the same quarter last year. Analysts expect that Ormat Technologies will post $1.37 EPS for the current fiscal year.
Ormat Technologies, Inc (NYSE:ORA) is a holding company.
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