Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Westar Energy (WR) Share Price
Press coverage about Westar Energy (NYSE:WR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westar Energy earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 44.4122560106189 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Westar Energy (WR) traded down $0.35 during trading on Friday, reaching $49.95. 481,700 shares of the company were exchanged, compared to its average volume of 576,466. The company has a market capitalization of $7,097.60, a P/E ratio of 20.73, a P/E/G ratio of 5.85 and a beta of 0.35. Westar Energy has a 1-year low of $49.20 and a 1-year high of $57.32. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97.
Several brokerages have recently issued reports on WR. UBS Group began coverage on shares of Westar Energy in a research report on Friday. They set a “neutral” rating and a $55.00 price objective for the company. Zacks Investment Research downgraded shares of Westar Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. decreased their target price on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Bank of America initiated coverage on shares of Westar Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $57.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Westar Energy presently has a consensus rating of “Buy” and an average target price of $55.50.
About Westar Energy
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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