Media headlines about Ormat Technologies (NYSE:ORA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news 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 0.15 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 45.7719785707501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Ormat Technologies, Inc. (ORA) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- TheStreet Downgrades Ormat Technologies, Inc. (ORA) to C+ (americanbankingnews.com)
- $160.52 Million in Sales Expected for Ormat Technologies, Inc. (ORA) This Quarter (americanbankingnews.com)
- Ormat Technologies, Inc. (ORA) Expected to Post Earnings of $0.49 Per Share (americanbankingnews.com)
- Ormat Technologies, Inc. (ORA) Given a $67.00 Price Target by Cowen and Company Analysts (americanbankingnews.com)
Ormat Technologies (ORA) opened at 56.01 on Thursday. The firm’s 50-day moving average price is $57.59 and its 200 day moving average price is $57.85. The firm has a market capitalization of $2.80 billion, a P/E ratio of 25.55 and a beta of 1.20. Ormat Technologies has a one year low of $45.30 and a one year high of $61.49.
Ormat Technologies (NYSE:ORA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $179.36 million for the quarter, compared to the consensus estimate of $169.80 million. Ormat Technologies had a net margin of 15.36% and a return on equity of 10.25%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. On average, equities analysts anticipate that Ormat Technologies will post $2.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.32 annualized dividend and a yield of 0.57%. Ormat Technologies’s payout ratio is 14.61%.
A number of equities research analysts recently weighed in on the company. TheStreet lowered Ormat Technologies from a “b” rating to a “c+” rating in a research report on Monday, August 14th. Cowen and Company set a $67.00 target price on Ormat Technologies and gave the stock a “buy” rating in a report on Friday, August 18th. J P Morgan Chase & Co raised 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 report on Wednesday, June 7th. BidaskClub raised Ormat Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Barclays PLC raised 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 report on Friday, May 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.38.
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In related news, EVP Bob Sullivan sold 7,151 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $58.13, for a total transaction of $415,687.63. Following the transaction, the executive vice president now directly owns 7,151 shares in the company, valued at approximately $415,687.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gillon Beck sold 37,500 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $57.00, for a total transaction of $2,137,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,062,154 shares of company stock worth $630,605,768 over the last quarter. 22.97% of the stock is currently owned by insiders.
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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