News stories about FirstEnergy (NYSE:FE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FirstEnergy earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.570088038798 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- FirstEnergy Corporation: FirstEnergy Receives Industry Recognition for Outage Restoration Efforts (twst.com)
- FE Stock Crowded With Sellers (nasdaq.com)
- FirstEnergy Corp. (FE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- CenterPoint Energy’s 5-Year Capex Plan Reflects 18% Rise (msn.com)
Shares of FirstEnergy (NYSE FE) traded down $0.17 on Friday, reaching $30.07. 3,989,083 shares of the company’s stock were exchanged, compared to its average volume of 4,554,156. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $13,380.00, a PE ratio of -2.55 and a beta of 0.25. FirstEnergy has a one year low of $27.93 and a one year high of $35.22.
FirstEnergy (NYSE:FE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.72 billion. FirstEnergy had a negative net margin of 35.99% and a positive return on equity of 19.29%. During the same quarter in the previous year, the business posted $0.90 earnings per share. research analysts predict that FirstEnergy will post 3 earnings per share for the current fiscal year.
A number of analysts recently commented on the stock. ValuEngine raised shares of FirstEnergy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of FirstEnergy from a “buy” rating to a “hold” rating in a report on Tuesday. Guggenheim reissued a “buy” rating and set a $47.00 price objective on shares of FirstEnergy in a report on Wednesday, January 3rd. Citigroup boosted their price objective on shares of FirstEnergy from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. set a $34.00 price objective on shares of FirstEnergy and gave the stock a “hold” rating in a report on Thursday, October 12th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.32.
FirstEnergy Company Profile
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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