NRG Energy Given Buy Rating at Jefferies Group (NRG)
NRG Energy (NYSE:NRG)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Friday. They currently have a $37.00 target price on the stock, down from their previous target price of $38.00. Jefferies Group’s price target points to a potential upside of 24.04% from the stock’s previous close.
Shares of NRG Energy (NYSE:NRG) opened at 29.83 on Friday. NRG Energy has a 1-year low of $25.24 and a 1-year high of $38.09. The stock has a 50-day moving average of $33.67 and a 200-day moving average of $32.10. The company’s market cap is $10.060 billion. NRG Energy also was the target of unusually large options trading activity on Wednesday. Stock investors purchased 1,359 put options on the company. This represents an increase of approximately 102% compared to the typical volume of 672 put options.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.45. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts predict that NRG Energy will post $2.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, July 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of NRG Energy in a research note on Monday, July 28th. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of NRG Energy in a research note on Monday, July 21st. They now have a $37.00 price target on the stock, down previously from $39.00. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.29.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
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