Just Energy Group (NYSE:JE) Trading Down 6.5%

Just Energy Group Inc (NYSE:JE) (TSE:JE)’s stock price fell 6.5% on Thursday . The stock traded as low as $1.86 and last traded at $1.87, 970,300 shares were traded during mid-day trading. An increase of 50% from the average session volume of 645,376 shares. The stock had previously closed at $2.00.

Several research firms have recently weighed in on JE. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Canaccord Genuity downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. CIBC raised shares of Just Energy Group from an “underperform” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Zacks Investment Research downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.13.

The company has a debt-to-equity ratio of 22.52, a current ratio of 0.77 and a quick ratio of 0.75. The business’s 50 day simple moving average is $2.35 and its 200 day simple moving average is $2.76. The company has a market capitalization of $300.49 million, a PE ratio of 15.58 and a beta of 1.26.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Just Energy Group had a negative net margin of 7.53% and a negative return on equity of 32.77%. The company had revenue of $582.36 million for the quarter, compared to the consensus estimate of $568.08 million. As a group, analysts anticipate that Just Energy Group Inc will post 0.14 EPS for the current year.

A number of hedge funds have recently modified their holdings of JE. OMERS ADMINISTRATION Corp purchased a new position in Just Energy Group during the second quarter worth about $134,000. Bank of Montreal Can raised its stake in Just Energy Group by 12.2% during the second quarter. Bank of Montreal Can now owns 3,311,477 shares of the utilities provider’s stock worth $14,240,000 after purchasing an additional 359,953 shares during the period. Renaissance Technologies LLC increased its position in shares of Just Energy Group by 13.3% during the second quarter. Renaissance Technologies LLC now owns 1,590,070 shares of the utilities provider’s stock valued at $6,837,000 after acquiring an additional 186,700 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Just Energy Group during the second quarter valued at about $73,000. Finally, Vanguard Group Inc. increased its position in shares of Just Energy Group by 4.8% during the second quarter. Vanguard Group Inc. now owns 2,658,311 shares of the utilities provider’s stock valued at $11,430,000 after acquiring an additional 122,284 shares during the last quarter. 24.24% of the stock is currently owned by institutional investors.

Just Energy Group Company Profile (NYSE:JE)

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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