News stories about El Paso Electric (NYSE:EE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. El Paso Electric earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 45.9029524750906 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of El Paso Electric (NYSE:EE) opened at $48.90 on Thursday. The stock has a market capitalization of $1,965.96, a price-to-earnings ratio of 20.21, a PEG ratio of 3.67 and a beta of 0.43. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. El Paso Electric has a 52-week low of $47.95 and a 52-week high of $61.15.
El Paso Electric (NYSE:EE) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $196.10 million for the quarter, compared to analyst estimates of $234.32 million. El Paso Electric had a return on equity of 8.39% and a net margin of 10.13%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. research analysts anticipate that El Paso Electric will post 2.58 EPS for the current fiscal year.
A number of analysts have recently commented on the company. Bank of America downgraded El Paso Electric from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, November 22nd. Mizuho reissued a “hold” rating and issued a $54.00 price objective on shares of El Paso Electric in a research note on Wednesday, January 10th. ValuEngine downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Zacks Investment Research downgraded El Paso Electric from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.50.
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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