Somewhat Favorable Media Coverage Somewhat Unlikely to Impact El Paso Electric (EE) Stock Price
Media stories about El Paso Electric (NYSE:EE) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. El Paso Electric earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 47.6043980520794 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- El Paso Electric Company (NYSE:EE) Given $54.67 Average Price Target by Brokerages (americanbankingnews.com)
- El Paso Electric Co. – Value Analysis (NYSE:EE) : August 4, 2017 (finance.yahoo.com)
- El Paso Electric Co. breached its 50 day moving average in a Bullish Manner : EE-US : August 3, 2017 (finance.yahoo.com)
- El Paso Electric Q2 Profit Rises (nasdaq.com)
- El Paso Electric Company : Investor Network: EL PASO ELECTRIC CO /TX/ to Host Earnings Call (4-traders.com)
El Paso Electric (EE) traded down 0.37% during mid-day trading on Friday, hitting $53.35. 224,382 shares of the stock traded hands. The company has a 50-day moving average of $52.00 and a 200 day moving average of $50.32. El Paso Electric has a 1-year low of $42.49 and a 1-year high of $55.45. The firm has a market capitalization of $2.16 billion, a P/E ratio of 19.27 and a beta of 0.48.
El Paso Electric (NYSE:EE) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.14. El Paso Electric had a return on equity of 9.99% and a net margin of 11.45%. The company had revenue of $251.84 million during the quarter. During the same period in the previous year, the business earned $0.55 EPS. On average, equities research analysts anticipate that El Paso Electric will post $2.48 EPS for the current year.
Several analysts have recently weighed in on EE shares. BidaskClub lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered shares of El Paso Electric from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Finally, Jefferies Group LLC lifted their price objective on shares of El Paso Electric from $48.50 to $52.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. El Paso Electric presently has a consensus rating of “Hold” and a consensus target price of $51.33.
In related news, Director Charles Yamarone sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $52.47, for a total value of $183,645.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at $524,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.
About El Paso Electric
El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).
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