Central Puerto (NYSE:CEPU) Stock Price Up 9.6% – What’s Next?

Central Puerto S.A. Sponsored ADR (NYSE:CEPU)’s stock price traded up 9.6% during trading on Tuesday . The stock traded as high as $15.58 and last traded at $15.7190. 160,212 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 313,222 shares. The stock had previously closed at $14.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Central Puerto in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Central Puerto Stock Performance

The company’s 50-day moving average is $16.04 and its two-hundred day moving average is $13.69. The company has a market capitalization of $2.41 billion, a P/E ratio of 10.65 and a beta of 1.06. The company has a quick ratio of 1.31, a current ratio of 1.40 and a debt-to-equity ratio of 0.14.

Institutional Trading of Central Puerto

Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp purchased a new position in Central Puerto in the third quarter worth $60,000. Harbour Capital Advisors LLC purchased a new stake in Central Puerto during the fourth quarter valued at about $174,000. Brooklyn Investment Group purchased a new stake in Central Puerto during the fourth quarter valued at about $174,000. Balyasny Asset Management L.P. bought a new stake in Central Puerto during the fourth quarter worth about $202,000. Finally, Perpetual Ltd purchased a new position in shares of Central Puerto in the 4th quarter worth about $271,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.