RWE (OTCMKTS:RWEOY) Sets New 12-Month High After Strong Earnings

RWE AG (OTCMKTS:RWEOY)’s stock price reached a new 52-week high on Friday following a better than expected earnings announcement. The stock traded as high as $65.98 and last traded at $65.98, with a volume of 6954 shares. The stock had previously closed at $64.00.

The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.59 by $0.25. The firm had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.29 billion. RWE had a return on equity of 5.42% and a net margin of 10.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RWEOY. Citigroup reaffirmed a “neutral” rating on shares of RWE in a research report on Wednesday, February 11th. Zacks Research raised shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Sanford C. Bernstein lowered shares of RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

RWE Stock Up 2.9%

The stock has a market cap of $47.80 billion, a price-to-earnings ratio of 18.81 and a beta of 0.68. The business has a fifty day moving average of $61.08 and a 200 day moving average of $52.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.