RWE (OTCMKTS:RWEOY) Shares Gap Down – Time to Sell?

RWE AG (OTCMKTS:RWEOY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $73.39, but opened at $69.07. RWE shares last traded at $71.08, with a volume of 3,657 shares changing hands.

Wall Street Analysts Forecast Growth

RWEOY has been the topic of several recent analyst reports. Zacks Research raised shares of RWE from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Sanford C. Bernstein downgraded shares of RWE from an “outperform” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup reissued a “neutral” rating on shares of RWE in a research note on Wednesday, February 11th. Finally, Kepler Capital Markets raised shares of RWE from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

RWE Price Performance

The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $52.08 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.82 and a beta of 0.67. The stock’s 50 day moving average price is $66.27 and its two-hundred day moving average price is $58.55.

RWE (OTCMKTS:RWEOY) last posted its quarterly earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.25. RWE had a net margin of 17.96% and a return on equity of 4.79%. The business had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.29 billion. Analysts anticipate that RWE AG will post 3.65 EPS for the current fiscal year.

RWE Company Profile

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.