Somewhat Favorable Media Coverage Somewhat Unlikely to Affect El Paso Electric (EE) Share Price
Media headlines about El Paso Electric (NYSE:EE) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. 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 news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.673731200158 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of El Paso Electric (EE) opened at $55.00 on Tuesday. El Paso Electric has a fifty-two week low of $44.70 and a fifty-two week high of $61.15. The firm has a market capitalization of $2,230.00, a P/E ratio of 23.01, a PEG ratio of 3.94 and a beta of 0.48. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.05.
El Paso Electric (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.23). The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $310.00 million. El Paso Electric had a net margin of 10.13% and a return on equity of 8.44%. El Paso Electric’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. research analysts expect that El Paso Electric will post 2.51 earnings per share for the current fiscal year.
EE has been the topic of several recent research reports. Zacks Investment Research raised El Paso Electric from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, September 19th. Bank of America initiated coverage on El Paso Electric in a report on Tuesday, October 24th. They set a “buy” rating and a $62.00 price objective on the stock. ValuEngine raised El Paso Electric from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Jefferies Group reissued a “hold” rating and set a $57.00 price objective (up previously from $56.00) on shares of El Paso Electric in a report on Friday, October 6th. Finally, Mizuho reissued a “hold” rating and set a $56.00 price objective on shares of El Paso Electric in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.60.
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About El Paso Electric
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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