RWE (OTCMKTS:RWEOY) Hits New 1-Year High – What’s Next?

Shares of RWE AG (OTCMKTS:RWEOY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.68 and last traded at $68.55, with a volume of 40990 shares. The stock had previously closed at $68.21.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RWEOY shares. Kepler Capital Markets upgraded RWE from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Citigroup reiterated a “neutral” rating on shares of RWE in a report on Wednesday, February 11th. Sanford C. Bernstein cut RWE from an “outperform” rating to a “hold” rating in a report on Friday, February 13th. Finally, Zacks Research upgraded RWE from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, RWE currently has an average rating of “Moderate Buy” and a consensus target price of $53.30.

RWE Price Performance

The company has a market cap of $49.56 billion, a P/E ratio of 13.99, a PEG ratio of 1.99 and a beta of 0.64. The company has a fifty day moving average price of $63.96 and a two-hundred day moving average price of $55.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.30.

RWE (OTCMKTS:RWEOY) last announced its quarterly earnings data on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.25. The company had revenue of $18.29 billion during the quarter, compared to analysts’ expectations of $18.29 billion. RWE had a return on equity of 4.96% and a net margin of 17.96%. On average, sell-side analysts anticipate that RWE AG will post 3.18 earnings per share for the current fiscal year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.