Media stories about El Paso Electric (NYSE:EE) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. El Paso Electric earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 44.9504259245534 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Shares of El Paso Electric (EE) opened at 55.15 on Friday. El Paso Electric has a one year low of $42.49 and a one year high of $56.58. The stock has a market capitalization of $2.24 billion, a PE ratio of 19.92 and a beta of 0.48. The stock’s 50 day moving average price is $54.37 and its 200 day moving average price is $52.12.
El Paso Electric (NYSE:EE) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.14. The firm had revenue of $251.84 million for the quarter. El Paso Electric had a return on equity of 9.95% and a net margin of 11.45%. During the same period in the prior year, the firm earned $0.55 earnings per share. Equities research analysts predict that El Paso Electric will post $2.59 EPS for the current fiscal year.
EE has been the subject of several recent analyst reports. BidaskClub downgraded El Paso Electric from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised El Paso Electric from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 price objective (up from $55.00) on shares of El Paso Electric in a report on Friday, August 11th. Mizuho began coverage on El Paso Electric in a report on Thursday, August 17th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, ValuEngine raised El Paso Electric from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.25.
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In other news, Director Charles Yamarone sold 3,500 shares of El Paso Electric stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $52.47, for a total value of $183,645.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $524,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.
El Paso Electric Company Profile
El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).
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