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Shares of NRG Energy (NYSE:NRG) have earned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company, reports. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.00.

Shares of NRG Energy (NYSE:NRG) traded down 0.54% on Monday, hitting $37.04. 438,530 shares of the company’s stock traded hands. NRG Energy has a 1-year low of $24.86 and a 1-year high of $38.09. The stock’s 50-day moving average is $35.20 and its 200-day moving average is $30.88. The company’s market cap is $12.491 billion. NRG Energy also was the target of a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 9,725,102 shares, a decline of 30.9% from the May 15th total of 14,067,571 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average trading volume of 3,559,188 shares, the short-interest ratio is presently 2.7 days.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.05. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted ($1.02) earnings per share. The company’s quarterly revenue was up 67.5% on a year-over-year basis. On average, analysts predict that NRG Energy will post $1.97 earnings per share for the current fiscal year.

A number of research firms have recently commented on NRG. Analysts at Goldman Sachs upgraded shares of NRG Energy from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 27th. Separately, analysts at Zacks downgraded shares of NRG Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $35.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of NRG Energy from $36.00 to $40.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock.

NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.

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