News stories about IDACORP (NYSE:IDA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IDACORP earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the coal producer an impact score of 46.3835489389622 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Several research firms have weighed in on IDA. Zacks Investment Research upgraded IDACORP from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Wednesday, March 21st. ValuEngine upgraded IDACORP from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Williams Capital restated a “hold” rating and set a $80.00 target price (down from $86.00) on shares of IDACORP in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. IDACORP currently has a consensus rating of “Hold” and an average price target of $89.00.
NYSE IDA opened at $91.26 on Monday. IDACORP has a fifty-two week low of $79.59 and a fifty-two week high of $100.04. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 5.62 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.56 and a current ratio of 1.92.
IDACORP (NYSE:IDA) last announced its earnings results on Thursday, May 3rd. The coal producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. IDACORP had a return on equity of 9.62% and a net margin of 15.88%. The company had revenue of $310.11 million for the quarter, compared to the consensus estimate of $302.93 million. During the same period last year, the business posted $0.66 EPS. analysts anticipate that IDACORP will post 4.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Monday, May 7th were paid a $0.59 dividend. The ex-dividend date was Friday, May 4th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.59%. IDACORP’s dividend payout ratio (DPR) is presently 56.06%.
In related news, Director Christine King sold 2,900 shares of IDACORP stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $87.21, for a total value of $252,909.00. Following the sale, the director now directly owns 13,381 shares in the company, valued at $1,166,957.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.71% of the stock is owned by insiders.
IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
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