Just Energy Group, Inc. (JE) Expected to Post Q3 2018 Earnings of $0.20 Per Share
Just Energy Group, Inc. (NYSE:JE) (TSE:JE) – Equities research analysts at B. Riley issued their Q3 2018 earnings per share (EPS) estimates for shares of Just Energy Group in a research note issued to investors on Wednesday. B. Riley analyst C. Driscoll expects that the utilities provider will earn $0.20 per share for the quarter. B. Riley currently has a “Buy” rating and a $6.25 target price on the stock. B. Riley also issued estimates for Just Energy Group’s Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.13 EPS and FY2019 earnings at $0.50 EPS.
Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Just Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Tuesday, August 15th. HC Wainwright set a $10.00 price objective on Just Energy Group and gave the company a “buy” rating in a report on Friday, August 11th. ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, cut their price objective on Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.17.
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Shares of Just Energy Group (NYSE JE) opened at $4.53 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of -7.46. Just Energy Group has a 12 month low of $4.41 and a 12 month high of $6.35. The company has a market capitalization of $665.24, a PE ratio of 4.31 and a beta of 1.02.
Several hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Just Energy Group in the third quarter valued at about $153,000. Mackenzie Financial Corp acquired a new position in shares of Just Energy Group in the third quarter valued at about $349,000. Sii Investments Inc. WI acquired a new position in shares of Just Energy Group in the third quarter valued at about $113,000. Citadel Advisors LLC increased its holdings in shares of Just Energy Group by 96.3% in the third quarter. Citadel Advisors LLC now owns 43,223 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 21,201 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Just Energy Group by 249.5% in the third quarter. Great West Life Assurance Co. Can now owns 69,809 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 49,836 shares during the period. 28.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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