Shares of Ormat Technologies, Inc. (NYSE:ORA – Get Rating) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $76.20.
Several brokerages have recently commented on ORA. Bank of America downgraded Ormat Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $75.00 in a research report on Wednesday, January 26th. JPMorgan Chase & Co. lowered their price target on Ormat Technologies from $82.00 to $73.00 in a report on Thursday, January 20th. Oppenheimer reduced their price target on Ormat Technologies from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. StockNews.com downgraded Ormat Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, April 7th.
In related news, Director Stanley Stern sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $80.85, for a total value of $606,375.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.
ORA stock traded down $0.68 during trading on Friday, hitting $78.42. 621 shares of the company traded hands, compared to its average volume of 391,425. The firm has a market capitalization of $4.40 billion, a PE ratio of 66.88, a P/E/G ratio of 3.70 and a beta of 0.46. Ormat Technologies has a 1 year low of $60.32 and a 1 year high of $88.52. The company has a 50-day moving average of $79.33 and a 200-day moving average of $76.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.11.
Ormat Technologies (NYSE:ORA – Get Rating) last announced its earnings results on Wednesday, February 23rd. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. The firm had revenue of $191.00 million during the quarter, compared to analyst estimates of $183.08 million. Ormat Technologies had a return on equity of 3.72% and a net margin of 9.59%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Sell-side analysts expect that Ormat Technologies will post 1.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, May 13th. Ormat Technologies’s dividend payout ratio is presently 41.38%.
Ormat Technologies Company Profile (Get Rating)
Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.
- Get a free copy of the StockNews.com research report on Ormat Technologies (ORA)
- AMD (NASDAQ: AMD) Shines Green In A Sea Of Red
- Expedia or Bookings Holdings: Which Stock Should You Travel With?
- Is This The Bottom For Papa John’s International?
- Kellogg Company Flexes Pricing Power, Shares Move Higher
- Peak Growth Is Over For Etsy
Receive News & Ratings for Ormat Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies and related companies with MarketBeat.com's FREE daily email newsletter.