US Geothermal Inc (HTM) Issues Earnings Results

US Geothermal Inc (AMEX:HTM) posted its earnings results on Thursday. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, Morningstar.com reports. US Geothermal had a return on equity of 0.99% and a net margin of 13.32%. The firm had revenue of $6.31 million during the quarter, compared to analysts’ expectations of $6.16 million.

Shares of US Geothermal (HTM) traded up 0.71% during mid-day trading on Friday, hitting $4.23. The stock had a trading volume of 5,793 shares. The company has a market cap of $80.53 million, a P/E ratio of 211.50 and a beta of 0.51. The firm’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.23. US Geothermal has a 1-year low of $0.62 and a 1-year high of $4.94.

A number of research firms have issued reports on HTM. Cowen and Company set a $6.00 target price on US Geothermal and gave the company a “buy” rating in a research note on Monday, July 17th. Zacks Investment Research raised US Geothermal from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine cut US Geothermal from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Roth Capital set a $5.00 target price on US Geothermal and gave the company a “buy” rating in a research note on Saturday, May 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.19.

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of US Geothermal by 69.4% in the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock worth $161,000 after buying an additional 14,411 shares during the last quarter. Private Management Group Inc. increased its stake in shares of US Geothermal by 2.7% in the first quarter. Private Management Group Inc. now owns 1,635,282 shares of the energy company’s stock worth $6,688,000 after buying an additional 43,435 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of US Geothermal during the first quarter worth $1,434,000.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was reported by [[site]] and is the property of of [[site]]. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at [[permalink]].

US Geothermal Company Profile

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.