El Paso Electric (NYSE:EE) Earns News Impact Rating of 0.20

Press coverage about El Paso Electric (NYSE:EE) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. El Paso Electric earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 47.7293550039671 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of El Paso Electric (NYSE EE) traded down 0.28% on Friday, hitting $53.45. The company had a trading volume of 223,289 shares. The stock’s 50-day moving average is $52.07 and its 200 day moving average is $50.65. El Paso Electric has a 52 week low of $42.49 and a 52 week high of $55.45. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.31 and a beta of 0.48.

El Paso Electric (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.14. The business had revenue of $251.84 million during the quarter. El Paso Electric had a return on equity of 9.95% and a net margin of 11.45%. During the same quarter last year, the firm earned $0.55 earnings per share. Equities analysts expect that El Paso Electric will post $2.48 EPS for the current year.

A number of research analysts recently issued reports on EE shares. Zacks Investment Research downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC boosted their price objective on El Paso Electric from $48.50 to $52.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.67.

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In other news, Director Charles Yamarone sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $52.47, for a total value of $183,645.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at $524,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is owned by insiders.

About El Paso Electric

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

Insider Buying and Selling by Quarter for El Paso Electric (NYSE:EE)

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