EnerNOC, Inc. (ENOC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of EnerNOC, Inc. (NASDAQ:ENOC) have received an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.89.
A number of research analysts recently commented on ENOC shares. Zacks Investment Research raised EnerNOC from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Tuesday, May 16th. Canaccord Genuity reissued a “hold” rating and issued a $7.67 price target on shares of EnerNOC in a report on Friday, June 23rd. Needham & Company LLC downgraded EnerNOC from a “buy” rating to a “hold” rating in a report on Monday, June 26th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of EnerNOC in a report on Friday, June 23rd. Finally, Robert W. Baird downgraded EnerNOC from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $8.00 in a report on Friday, June 23rd.
Hedge funds have recently made changes to their positions in the company. Nine Chapters Capital Management LLC bought a new stake in shares of EnerNOC during the first quarter worth $103,000. Nationwide Fund Advisors boosted its stake in shares of EnerNOC by 21.8% in the first quarter. Nationwide Fund Advisors now owns 23,592 shares of the business services provider’s stock worth $142,000 after buying an additional 4,223 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of EnerNOC by 19.0% in the first quarter. Wells Fargo & Company MN now owns 28,861 shares of the business services provider’s stock worth $172,000 after buying an additional 4,611 shares during the last quarter. Tudor Investment Corp Et Al boosted its stake in shares of EnerNOC by 21.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 29,297 shares of the business services provider’s stock worth $176,000 after buying an additional 5,256 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in shares of EnerNOC during the fourth quarter worth $206,000. Institutional investors and hedge funds own 49.63% of the company’s stock.
EnerNOC (ENOC) opened at 7.70 on Tuesday. The stock’s market capitalization is $226.93 million. EnerNOC has a one year low of $4.80 and a one year high of $7.78. The company’s 50-day moving average price is $5.93 and its 200-day moving average price is $5.80.
EnerNOC (NASDAQ:ENOC) last issued its earnings results on Tuesday, May 9th. The business services provider reported ($0.92) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.36) by $0.44. EnerNOC had a negative return on equity of 42.33% and a negative net margin of 10.51%. The company had revenue of $48.10 million during the quarter, compared to the consensus estimate of $44.73 million. During the same quarter in the prior year, the business earned ($1.41) earnings per share. The company’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts predict that EnerNOC will post ($2.33) EPS for the current year.
EnerNOC Company Profile
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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