RWE (OTCMKTS:RWEOY) Sets New 52-Week High After Strong Earnings

RWE AG (OTCMKTS:RWEOY)’s share price reached a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $65.98 and last traded at $65.98, with a volume of 6954 shares. The stock had previously closed at $64.00.

The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.59 by $0.25. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.29 billion. RWE had a net margin of 17.96% and a return on equity of 4.96%.

Wall Street Analyst Weigh In

RWEOY has been the subject of a number of recent research reports. Sanford C. Bernstein lowered shares of RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research report on Wednesday, February 11th. Finally, Zacks Research raised RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Stock Performance

The firm has a market cap of $47.16 billion, a PE ratio of 13.31 and a beta of 0.68. The company has a 50-day simple moving average of $61.28 and a two-hundred day simple moving average of $52.52. The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.42.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.