Headlines about Ormat Technologies (NYSE:ORA) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing 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. Ormat Technologies earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.7203780997651 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
- Ormat Technologies’ (ORA) CEO Isaac Angel on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha (seekingalpha.com)
- Ormat Technologies, Inc. breached its 50 day moving average in a Bearish Manner : ORA-US : August 4, 2017 (finance.yahoo.com)
- Ormat Technologies, Inc. – Value Analysis (NYSE:ORA) : August 5, 2017 (finance.yahoo.com)
- Ormat Technologies, Inc. Plans Quarterly Dividend of $0.08 (NYSE:ORA) (americanbankingnews.com)
- Investor Network: Ormat Technologies, Inc. to Host Earnings Call (finance.yahoo.com)
A number of brokerages have issued reports on ORA. Cowen and Company set a $67.00 target price on shares of Ormat Technologies and gave the stock a “buy” rating in a research report on Monday, July 17th. BidaskClub cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. J P Morgan Chase & Co upgraded shares of Ormat Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $65.00 to $71.00 in a research report on Wednesday, June 7th. Barclays PLC upgraded shares of Ormat Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $54.00 to $59.00 in a research report on Friday, May 26th. Finally, Zacks Investment Research cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $65.25.
Ormat Technologies (ORA) traded up 0.57% during trading on Friday, hitting $57.97. 197,241 shares of the stock were exchanged. The firm has a market cap of $2.88 billion, a PE ratio of 29.28 and a beta of 1.20. Ormat Technologies has a 12-month low of $45.30 and a 12-month high of $61.49. The stock’s 50-day moving average price is $58.85 and its 200-day moving average price is $57.52.
Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Ormat Technologies had a net margin of 15.36% and a return on equity of 10.39%. The company had revenue of $179.36 million during the quarter, compared to analyst estimates of $169.80 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts expect that Ormat Technologies will post $2.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Ormat Technologies’s dividend payout ratio (DPR) is 14.61%.
In other Ormat Technologies news, Director Robert F. Clarke sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $56.97, for a total value of $854,550.00. Following the completion of the transaction, the director now directly owns 7,500 shares in the company, valued at $427,275. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Etty Rosner sold 879 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $56.39, for a total transaction of $49,566.81. Following the completion of the transaction, the senior vice president now owns 879 shares of the company’s stock, valued at $49,566.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,083,033 shares of company stock valued at $631,792,760. Corporate insiders own 22.97% of the company’s stock.
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Ormat Technologies Company Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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