Central Puerto (CEPU) Projected to Post Earnings on Tuesday

Central Puerto (NYSE:CEPU) is expected to post its results before the market opens on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.2562 per share and revenue of $241.5160 million for the quarter.

Central Puerto Stock Performance

Shares of Central Puerto stock traded up $0.14 during trading hours on Tuesday, hitting $14.43. 44,173 shares of the company’s stock traded hands, compared to its average volume of 354,783. Central Puerto has a 12-month low of $7.43 and a 12-month high of $18.50. The company has a fifty day simple moving average of $15.53 and a 200-day simple moving average of $15.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.77 and a quick ratio of 1.67. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.61 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CEPU. Van ECK Associates Corp bought a new position in shares of Central Puerto during the 3rd quarter valued at about $60,000. Squarepoint Ops LLC bought a new stake in shares of Central Puerto in the 3rd quarter worth approximately $138,000. Brooklyn Investment Group purchased a new position in Central Puerto during the 4th quarter valued at $174,000. Balyasny Asset Management L.P. bought a new position in Central Puerto in the 4th quarter worth $202,000. Finally, Bank of America Corp DE boosted its stake in shares of Central Puerto by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after purchasing an additional 2,460 shares in the last quarter. Institutional investors own 2.97% of the company’s stock.

Analysts Set New Price Targets

CEPU has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Central Puerto in a research note on Friday, March 27th. Wall Street Zen lowered Central Puerto from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Central Puerto has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Central Puerto Company Profile

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.