37.6 F
New York
Wednesday, December 2, 2020

Just Energy Group Inc. (NYSE:JE) is Holding Steady

Must read

NovaGold Resources Inc. (AMEX:NG) is Gaining Momentum on Earnings Catalyst

NovaGold Resources Inc. (NG) shares are trading at lower $9.96 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Avis Budget Group Inc. (NASDAQ:CAR) on the Path to Ruin

Avis Budget Group Inc. (CAR) shares are trading at lower $35.17 and the avg recommendation for the stock is Moderate Buy, while the current...

Can We Expect More Volatility From SSR Mining Inc. (SSRM)?

SSR Mining Inc. (SSRM) shares are trading at higher $18.41 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Six Flags Entertainment Corporation (NYSE:SIX) Recent Earnings Shows Major Concern

Six Flags Entertainment Corporation (SIX) shares are trading at lower $30.73 and the avg recommendation for the stock is Moderate Buy, while the current...

Just Energy Group Inc. (JE) shares are trading at higher $0.32 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $2.84 and the low is $0.28. Over the last 52 weeks, JE is down -74.24% while the S&P 500 is up 19.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, JE reported a profit of $57.7 million. Just Energy Group Inc. also saw revenues increase to $502.32 million. In addition, JE has free cash flow of $29.3 million as of 03-2020. The company’s EBITDA came in at $68.12 million which compares well with its peers.

Find out when JE reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JE has a short ratio of 0.95 and outstanding shares of 151.64M.

Company Outlook

JE has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.76. Just Energy Group Inc. JE also noted assets of $914.06 million at the end of the last quarter. Investors should also keep an eye on sector updates as JE has historically followed its peers on positive news.

All told, Just Energy Group Inc. JE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Just Energy Group Inc. JE is now commanding a market cap of 48.04M and a float of 107.66M. JE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in JE, either long or short, and we have not been compensated for this article.

Latest article

Open Lending Corporation (LPRO)’s Stock is Jumping, Here is Why

Open Lending Corporation (LPRO) shares are trading at lower $28.12 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Can We Expect More Volatility From Universal Health Services Inc. (UHS)?

Universal Health Services Inc. (UHS) shares are trading at lower $130.58 and the avg recommendation for the stock is Moderate Buy, while the current...

When Will IQVIA Holdings Inc. (IQV) Slow Down

IQVIA Holdings Inc. (IQV) shares are trading at higher $168.99 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Ironwood Pharmaceuticals Inc. (NASDAQ:IRWD) is Gaining Momentum on Earnings Catalyst

Ironwood Pharmaceuticals Inc. (IRWD) shares are trading at lower $11.52 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Is the Rough Ride Over for Associated Banc-Corp (ASB)

Associated Banc-Corp (ASB) shares are trading at lower $15.32 and the avg recommendation for the stock is Hold, while the current analyst price target...