Just Energy Group Inc (NYSE:JE) (TSE:JE)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $1.66, but opened at $1.71. Just Energy Group shares last traded at $1.55, with a volume of 34,403 shares trading hands.

Several brokerages have issued reports on JE. TheStreet lowered Just Energy Group from a “c-” rating to a “d” rating in a research report on Wednesday, June 5th. ValuEngine lowered Just Energy Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Canaccord Genuity upgraded Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. HC Wainwright set a $7.00 price target on Just Energy Group and gave the company a “buy” rating in a report on Friday, May 17th. Finally, CIBC lowered Just Energy Group from a “neutral” rating to a “sector underperform” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.75.

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 22.52. The firm has a 50-day moving average of $3.52 and a 200-day moving average of $3.59. The stock has a market capitalization of $258.11 million, a price-to-earnings ratio of 9.83 and a beta of 0.91.

Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative net margin of 9.76% and a positive return on equity of 35.08%. The firm had revenue of $670.17 million during the quarter, compared to analyst estimates of $911.86 million. During the same period in the previous year, the company earned ($0.45) earnings per share. Just Energy Group’s revenue was down 4.6% on a year-over-year basis. On average, equities research analysts anticipate that Just Energy Group Inc will post -1.38 EPS for the current year.

Several hedge funds have recently bought and sold shares of JE. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Just Energy Group during the 2nd quarter worth about $46,000. Perella Weinberg Partners Capital Management LP purchased a new stake in shares of Just Energy Group during the 1st quarter worth about $59,000. A.R.T. Advisors LLC purchased a new stake in shares of Just Energy Group during the 2nd quarter worth about $73,000. Jane Street Group LLC boosted its stake in shares of Just Energy Group by 36.9% during the 2nd quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Just Energy Group by 245.9% during the 4th quarter. Bank of America Corp DE now owns 33,343 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 23,703 shares in the last quarter. 29.91% of the stock is currently owned by institutional investors and hedge funds.

About Just Energy Group (NYSE:JE)

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

Further Reading: Return on Equity (ROE)

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