Press coverage about FirstEnergy (NYSE:FE) has trended positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. FirstEnergy earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.663952966324 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
Shares of FirstEnergy (NYSE FE) opened at $29.82 on Thursday. FirstEnergy has a one year low of $27.93 and a one year high of $35.22. The company has a market cap of $13,270.00, a P/E ratio of -2.53 and a beta of 0.25. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29.
FirstEnergy (NYSE:FE) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.86 by $0.11. FirstEnergy had a negative net margin of 35.99% and a positive return on equity of 19.29%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $0.90 earnings per share. equities analysts predict that FirstEnergy will post 3 EPS for the current year.
A number of brokerages recently weighed in on FE. Bank of America initiated coverage on shares of FirstEnergy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $34.00 price objective for the company. Zacks Investment Research cut shares of FirstEnergy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. ValuEngine upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Guggenheim restated a “buy” rating and issued a $47.00 target price on shares of FirstEnergy in a research report on Wednesday, January 3rd. Finally, Citigroup upped their price target on shares of FirstEnergy from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.32.
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FirstEnergy Company Profile
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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