RWE (OTCMKTS:RWEOY) Reaches New 52-Week High Following Better-Than-Expected Earnings

RWE AG (OTCMKTS:RWEOY)’s share price reached a new 52-week high on Wednesday following a stronger than expected earnings report. The stock traded as high as $53.49 and last traded at $53.4350, with a volume of 5894 shares trading hands. The stock had previously closed at $49.69.

The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.66. RWE had a return on equity of 4.85% and a net margin of 11.32%.

Analyst Upgrades and Downgrades

RWEOY has been the subject of several recent analyst reports. Citigroup downgraded RWE from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein raised RWE from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 4th. BNP Paribas set a $53.30 price objective on shares of RWE and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of RWE from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $53.30.

RWE Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.27. The stock has a market capitalization of $36.14 billion, a price-to-earnings ratio of 13.92 and a beta of 0.71. The firm’s 50 day moving average is $45.73 and its 200-day moving average is $42.14.

RWE Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.