Positive Press Coverage Somewhat Unlikely to Affect El Paso Electric (EE) Stock Price

Press coverage about El Paso Electric (NYSE:EE) has trended positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. El Paso Electric earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 44.733321812624 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

El Paso Electric (EE) opened at 57.65 on Wednesday. The firm’s 50-day moving average is $55.52 and its 200 day moving average is $53.03. The firm has a market cap of $2.34 billion, a PE ratio of 20.83 and a beta of 0.47. El Paso Electric has a 1-year low of $42.62 and a 1-year high of $57.75.

El Paso Electric (NYSE:EE) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.14. El Paso Electric had a net margin of 11.45% and a return on equity of 9.95%. The company had revenue of $251.84 million for the quarter. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that El Paso Electric will post $2.58 earnings per share for the current fiscal year.

A number of analysts recently weighed in on EE shares. Zacks Investment Research cut shares of El Paso Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 21st. BidaskClub cut shares of El Paso Electric from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. ValuEngine raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $57.00 price objective (up previously from $56.00) on shares of El Paso Electric in a report on Friday, October 6th. Finally, Mizuho started coverage on shares of El Paso Electric in a report on Thursday, August 17th. They issued a “neutral” rating and a $55.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.50.

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El Paso Electric Company Profile

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

Insider Buying and Selling by Quarter for El Paso Electric (NYSE:EE)

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