Fervo Energy Company (NASDAQ:FRVO) Given Average Recommendation of “Moderate Buy” by Brokerages

Fervo Energy Company (NASDAQ:FRVO) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $46.75.

A number of brokerages recently commented on FRVO. Guggenheim began coverage on shares of Fervo Energy in a report on Sunday. They issued a “buy” rating and a $48.00 target price on the stock. Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Jefferies Financial Group began coverage on shares of Fervo Energy in a report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 target price on the stock. Finally, Royal Bank Of Canada began coverage on shares of Fervo Energy in a report on Sunday. They issued an “outperform” rating and a $46.00 target price on the stock.

Fervo Energy Price Performance

FRVO traded down $1.64 during trading on Friday, hitting $37.22. The stock had a trading volume of 1,938,884 shares, compared to its average volume of 4,430,677. Fervo Energy has a twelve month low of $34.27 and a twelve month high of $42.65.