News coverage about NRG Energy (NYSE:NRG) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NRG Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 45.8467843703449 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
A number of analysts have recently commented on the company. UBS boosted their price objective on NRG Energy from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, March 28th. TheStreet upgraded NRG Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, March 21st. SunTrust Banks restated a “hold” rating and issued a $29.00 price objective on shares of NRG Energy in a research report on Thursday, March 15th. ValuEngine cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.50.
Shares of NRG Energy stock traded up $0.13 on Wednesday, reaching $31.38. The company’s stock had a trading volume of 4,056,798 shares, compared to its average volume of 5,831,041. The stock has a market capitalization of $9,757.83, a PE ratio of 28.79 and a beta of 0.90. NRG Energy has a 52-week low of $14.52 and a 52-week high of $31.78. The company has a debt-to-equity ratio of 7.99, a current ratio of 1.33 and a quick ratio of 1.17.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.59. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.23 billion. NRG Energy had a positive return on equity of 9.46% and a negative net margin of 19.56%. equities research analysts anticipate that NRG Energy will post 2.76 EPS for the current fiscal year.
NRG Energy announced that its Board of Directors has approved a stock buyback program on Thursday, March 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the utilities provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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