Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ormat Technologies (ORA) Share Price

News coverage about Ormat Technologies (NYSE:ORA) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ormat Technologies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.3942396175915 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

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Shares of Ormat Technologies (NYSE:ORA) opened at $55.56 on Monday. The stock has a market cap of $2,811.17, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.74 and a beta of 1.29. Ormat Technologies has a fifty-two week low of $53.45 and a fifty-two week high of $70.68. The company has a quick ratio of 1.62, a current ratio of 1.14 and a debt-to-equity ratio of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This is a boost from Ormat Technologies’s previous quarterly dividend of $0.08. This represents a $0.92 dividend on an annualized basis and a yield of 1.66%. Ormat Technologies’s dividend payout ratio is currently 30.07%.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating and set a $68.00 price target (down from $70.00) on shares of Ormat Technologies in a report on Friday, March 16th. UBS assumed coverage on shares of Ormat Technologies in a report on Friday, March 16th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital lowered their price target on shares of Ormat Technologies from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. Finally, Cowen set a $67.00 price target on shares of Ormat Technologies and gave the company a “buy” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.57.

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Ormat Technologies Company Profile

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

Insider Buying and Selling by Quarter for Ormat Technologies (NYSE:ORA)

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