Stock Traders Buy High Volume of Put Options on EnerNOC (ENOC)
EnerNOC (NASDAQ:ENOC) saw some unusual options trading on Wednesday. Investors bought 67 put options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 191% compared to the average daily volume of 23 put options.
In other EnerNOC news, President David B. Brewster sold 20,000 shares of EnerNOC stock on the open market in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
ENOC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $21.20 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Needham & Company LLC upgraded shares of EnerNOC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 17th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.21.
Shares of EnerNOC (NASDAQ:ENOC) traded down 2.22% on Wednesday, hitting $19.35. The stock had a trading volume of 2,972,599 shares. EnerNOC has a 52-week low of $13.98 and a 52-week high of $24.35. The stock has a 50-day moving average of $18.20 and a 200-day moving average of $20.16. The company has a market cap of $547.5 million and a price-to-earnings ratio of 19.97.
EnerNOC (NASDAQ:ENOC) last released its earnings data on Thursday, August 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.50. The company had revenue of $44.05 million for the quarter, compared to the consensus estimate of $43.22 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that EnerNOC will post $0.49 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.