Fervo Energy Company (NASDAQ:FRVO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $46.25.
FRVO has been the topic of a number of research reports. Roth Mkm started coverage on shares of Fervo Energy in a research note on Thursday, June 11th. They issued a “buy” rating and a $45.00 target price on the stock. Wolfe Research began coverage on shares of Fervo Energy in a research report on Monday, June 8th. They set a “peer perform” rating for the company. Robert W. Baird increased their price target on Fervo Energy from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Barclays raised their price objective on Fervo Energy from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, UBS Group set a $48.00 price objective on Fervo Energy in a research note on Wednesday, June 24th.
View Our Latest Analysis on FRVO
Fervo Energy Stock Down 0.5%
Fervo Energy (NASDAQ:FRVO – Get Free Report) last posted its quarterly earnings results on Monday, June 22nd. The company reported ($3.72) EPS for the quarter, missing the consensus estimate of ($0.09) by ($3.63). The company had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $1.20 million.
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