RWE (OTCMKTS:RWEOY) Sets New 12-Month High After Strong Earnings

RWE AG (OTCMKTS:RWEOY)’s stock price reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $53.49 and last traded at $53.4350, with a volume of 5894 shares. The stock had previously closed at $49.69.

The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.66. RWE had a net margin of 11.32% and a return on equity of 4.85%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RWEOY. Citigroup cut RWE from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. BNP Paribas set a $53.30 price objective on RWE and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Sanford C. Bernstein upgraded RWE from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $53.30.

RWE Trading Up 7.5%

The firm has a market cap of $36.14 billion, a price-to-earnings ratio of 13.92 and a beta of 0.71. The company has a quick ratio of 1.21, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $45.73 and a 200 day moving average price of $42.14.

About RWE

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.