NRG Energy Inc (NRG) Given Average Recommendation of “Buy” by Brokerages
NRG Energy Inc (NYSE:NRG) has been assigned a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.38.
A number of research analysts recently commented on the company. Zacks Investment Research cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Bank of America assumed coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, SunTrust Banks restated a “hold” rating and issued a $25.00 price target on shares of NRG Energy in a research report on Friday, October 20th.
In related news, Director Barry T. Smitherman purchased 2,541 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the completion of the transaction, the director now owns 49,000 shares of the company’s stock, valued at $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.
NRG Energy (NRG) traded up $0.37 on Friday, hitting $28.61. The stock had a trading volume of 6,183,600 shares, compared to its average volume of 6,039,237. NRG Energy has a 12 month low of $13.95 and a 12 month high of $29.78. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $9,090.00, a P/E ratio of -11.35 and a beta of 1.29.
NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. sell-side analysts expect that NRG Energy will post 0.56 EPS for the current year.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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