B. Riley Analysts Increase Earnings Estimates for Just Energy Group Inc (JE)

Just Energy Group Inc (NYSE:JE) (TSE:JE) – Equities researchers at B. Riley lifted their Q4 2018 EPS estimates for Just Energy Group in a research report issued to clients and investors on Monday. B. Riley analyst C. Driscoll now expects that the utilities provider will earn $0.17 per share for the quarter, up from their previous estimate of $0.14. B. Riley has a “Buy” rating and a $6.25 price target on the stock. B. Riley also issued estimates for Just Energy Group’s Q1 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.51 EPS.

Several other research analysts also recently commented on JE. ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday. HC Wainwright set a $10.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity reissued a “hold” rating and set a $7.25 target price on shares of Just Energy Group in a research note on Monday, October 16th. CIBC raised Just Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. Finally, decreased their target price on Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.17.

Just Energy Group (JE) traded up $0.06 during midday trading on Tuesday, hitting $4.94. The stock had a trading volume of 430,500 shares, compared to its average volume of 269,946. The company has a debt-to-equity ratio of -4.35, a current ratio of 0.93 and a quick ratio of 0.89. Just Energy Group has a 1 year low of $3.86 and a 1 year high of $6.35. The company has a market capitalization of $663.99, a P/E ratio of 7.18 and a beta of 0.85.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sii Investments Inc. WI bought a new stake in Just Energy Group during the 3rd quarter valued at approximately $113,000. Citadel Advisors LLC raised its stake in Just Energy Group by 29.3% during the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 4,994 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Just Energy Group during the 3rd quarter valued at approximately $153,000. Virtu KCG Holdings LLC bought a new stake in Just Energy Group during the 2nd quarter valued at approximately $146,000. Finally, Parametric Portfolio Associates LLC raised its stake in Just Energy Group by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 4,039 shares during the period. 28.28% of the stock is currently owned by institutional investors.

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Just Energy Group Company Profile

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

Earnings History and Estimates for Just Energy Group (NYSE:JE)

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