Ranger Investment Management L.P. Invests $1.46 Million in Fervo Energy Company $FRVO

Ranger Investment Management L.P. bought a new stake in Fervo Energy Company (NASDAQ:FRVO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,772 shares of the company’s stock, valued at approximately $1,455,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FRVO shares. Guggenheim raised Fervo Energy to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Monday, June 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price objective on shares of Fervo Energy in a report on Tuesday, June 23rd. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Fervo Energy to a “hold” rating in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein began coverage on shares of Fervo Energy in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fervo Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Fervo Energy Price Performance

Shares of FRVO opened at $16.92 on Monday. Fervo Energy Company has a fifty-two week low of $16.51 and a fifty-two week high of $42.65. The business’s 50-day simple moving average is $25.81.

Fervo Energy (NASDAQ:FRVO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $0.11 million during the quarter. On average, sell-side analysts anticipate that Fervo Energy Company will post -0.42 EPS for the current year.

Fervo Energy Profile

Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.