49,772 Shares in Fervo Energy Company $FRVO Bought by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new stake in Fervo Energy Company (NASDAQ:FRVO) during the second quarter, according to its most recent filing with the SEC. The firm acquired 49,772 shares of the company’s stock, valued at approximately $1,455,000.

Fervo Energy Stock Performance

Fervo Energy stock opened at $16.92 on Monday. The company has a 50 day simple moving average of $25.81. Fervo Energy Company has a 1-year low of $16.51 and a 1-year high of $42.65.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on FRVO shares. Roth Capital began coverage on shares of Fervo Energy in a research report on Thursday, June 11th. They set a “buy” rating and a $45.00 price objective for the company. Bank of America raised shares of Fervo Energy from a “neutral” rating to a “buy” rating and lowered their target price for the company from $40.00 to $36.00 in a report on Friday, July 17th. Zacks Research upgraded shares of Fervo Energy to a “hold” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. started coverage on shares of Fervo Energy in a report on Monday, June 8th. They set an “overweight” rating and a $47.00 price target for the company. Finally, William Blair began coverage on shares of Fervo Energy in a research report on Monday, June 8th. They issued an “outperform” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

About Fervo Energy

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