US Geothermal Inc (AMEX:HTM) has been assigned a $6.00 target price by equities researchers at Cowen and Company in a report released on Friday. The brokerage presently has a “buy” rating on the energy company’s stock. Cowen and Company’s price target points to a potential upside of 44.23% from the company’s previous close.
HTM has been the subject of several other reports. Zacks Investment Research raised US Geothermal from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine cut US Geothermal from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Northland Securities set a $6.00 price target on US Geothermal and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Roth Capital set a $5.00 price target on US Geothermal and gave the company a “buy” rating in a report on Saturday, May 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $5.35.
Shares of US Geothermal (AMEX:HTM) opened at 4.16 on Friday. The stock has a market capitalization of $80.03 million, a PE ratio of 143.45 and a beta of 0.51. The stock has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.21. US Geothermal has a 52-week low of $3.59 and a 52-week high of $4.94.
US Geothermal (AMEX:HTM) last posted its quarterly earnings results on Thursday, August 10th. The energy company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $6.31 million during the quarter, compared to analysts’ expectations of $6.16 million. US Geothermal had a return on equity of 0.99% and a net margin of 13.32%. On average, equities research analysts anticipate that US Geothermal will post $0.07 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in US Geothermal by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock valued at $119,000 after buying an additional 10,864 shares in the last quarter. Northern Trust Corp boosted its position in shares of US Geothermal by 1.2% in the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after buying an additional 392 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 valued at $161,000 after buying an additional 14,411 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of US Geothermal during the first quarter valued at about $1,434,000. Finally, Private Management Group Inc. boosted its position 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 valued at $6,688,000 after buying an additional 43,435 shares in the last quarter.
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.
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