News headlines about Just Energy (NYSE:JE) (TSE:JE) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Just Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.0439511383827 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of JE stock opened at $4.49 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of -4.35. Just Energy has a 12-month low of $3.86 and a 12-month high of $6.34. The firm has a market cap of $672.01, a PE ratio of 13.61 and a beta of 0.79.
Just Energy (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.74. Just Energy had a net margin of 5.74% and a negative return on equity of 214.69%. The company had revenue of $718.30 million during the quarter, compared to the consensus estimate of $776.79 million. research analysts anticipate that Just Energy will post 1.06 EPS for the current fiscal year.
Just Energy announced that its Board of Directors has initiated a stock buyback program on Thursday, March 15th that authorizes the company to buyback 9,730,000 shares. This buyback authorization authorizes the utilities provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have commented on the stock. Canaccord Genuity raised shares of Just Energy from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. HC Wainwright set a $10.00 target price on shares of Just Energy and gave the company a “buy” rating in a research note on Friday, February 9th. ValuEngine downgraded shares of Just Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada raised shares of Just Energy from a “sector perform” rating to an “outperform” rating in a research note on Monday, December 18th. Finally, CIBC raised shares of Just Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.13.
Just Energy Company Profile
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
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