Otter Tail Corporation (OTTR) Receiving Somewhat Positive Media Coverage, Study Finds
News headlines about Otter Tail Corporation (NASDAQ:OTTR) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Otter Tail Corporation earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 81 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Zacks: Otter Tail Corporation (NASDAQ:OTTR) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Otter Tail Corporation (OTTR) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Otter Tail Corp. breached its 50 day moving average in a Bearish Manner : OTTR-US : July 14, 2017 (finance.yahoo.com)
- ETFs with exposure to Otter Tail Corp. : July 14, 2017 (finance.yahoo.com)
Otter Tail Corporation (OTTR) traded up 0.87% during midday trading on Friday, reaching $40.65. 87,334 shares of the company’s stock were exchanged. Otter Tail Corporation has a 52 week low of $32.99 and a 52 week high of $42.55. The firm has a market capitalization of $1.61 billion, a P/E ratio of 23.65 and a beta of 0.79. The stock’s 50 day moving average is $40.34 and its 200 day moving average is $38.68.
Otter Tail Corporation (NASDAQ:OTTR) last posted its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $214.10 million for the quarter, compared to the consensus estimate of $211.80 million. Otter Tail Corporation had a return on equity of 10.15% and a net margin of 8.30%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. On average, analysts expect that Otter Tail Corporation will post $1.72 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. Sidoti upgraded shares of Otter Tail Corporation from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Friday, March 24th. Zacks Investment Research upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, BidaskClub lowered shares of Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
In related news, CFO Kevin G. Moug sold 800 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $37.25, for a total value of $29,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Otter Tail Corporation Company Profile
Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).
Receive News & Stock Ratings for Otter Tail Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail Corporation and related stocks with our FREE daily email newsletter.