Fervo Energy Company (NASDAQ:FRVO) Given Average Rating of “Buy” by Brokerages

Fervo Energy Company (NASDAQ:FRVO) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.25.

FRVO has been the topic of several recent analyst reports. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Jefferies Financial Group raised shares of Fervo Energy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $41.00 to $34.00 in a report on Monday, July 20th. Wall Street Zen upgraded Fervo Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 20th. Bank of America raised Fervo Energy from a “neutral” rating to a “buy” rating and decreased their price target for the company from $40.00 to $36.00 in a report on Friday, July 17th. Finally, Guggenheim raised Fervo Energy to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Monday, June 8th.

Fervo Energy Stock Down 0.1%

Fervo Energy stock opened at $24.00 on Monday. The business has a 50 day moving average price of $32.32. Fervo Energy has a 12-month low of $22.50 and a 12-month high of $42.65.

Fervo Energy (NASDAQ:FRVO) last released its earnings results on Monday, June 22nd. The company reported ($3.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($3.63). The business had revenue of $0.06 million for the quarter, compared to the consensus estimate of $1.20 million.