Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NRG Energy (NRG) Share Price
Media coverage about NRG Energy (NYSE:NRG) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NRG Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.7754334475138 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- NRG Energy (NRG) Lowered to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Rejection of Trump plan to have ratepayers subsidize coal, nuclear power applauded by consumer groups (triblive.com)
- What Were David Tepper’s Top Buys in 3Q17? (finance.yahoo.com)
- More utility mergers in ’18 (journalgazette.net)
- Office market shows signs of subtle recovery – Houston Chronicle (houstonchronicle.com)
NRG has been the topic of a number of recent research reports. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, September 12th. Bank of America started coverage on shares of NRG Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price objective on the stock. ValuEngine cut shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Finally, SunTrust Banks reissued a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.67.
Shares of NRG Energy (NYSE NRG) traded down $0.48 on Wednesday, reaching $28.24. 2,848,600 shares of the company’s stock traded hands, compared to its average volume of 6,018,614. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. The firm has a market cap of $8,950.00, a PE ratio of -11.21 and a beta of 1.29. NRG Energy has a 12 month low of $13.68 and a 12 month high of $29.78.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.51). NRG Energy had a negative net margin of 13.48% and a positive return on equity of 8.82%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. sell-side analysts anticipate that NRG Energy will post 0.56 EPS for the current fiscal year.
In related news, Director Barry T. Smitherman purchased 2,541 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $28.38 per share, with a total value of $72,113.58. Following the purchase, the director now directly owns 49,000 shares in the company, valued at approximately $1,390,620. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.
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About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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