NRG Energy, Inc. (NYSE:NRG) shares saw a recent bid of $22.20 and 36.12M shares have exchanged hands in the recent trading session, yielding a 35.70% gain over the past week.NRG price increased 5.26% or $-1.11 versus $21.09 at the end of the prior session. This change led market cap to move at $7.21B, putting the price 5.01% below the 52-week high and 125.61% above the 52-week low. The company’s stock has a normal trading capacity of 5.82M shares while the relative volume is 6.21.
Is NRG Energy, Inc. (NYSE:NRG) Worth Buying?
By historical standards, NRG Energy, Inc. (NYSE:NRG) remains a cheap stock. NRG’s current price-earnings ratio amounts the average P/E ratio of 9.31 times earnings. For now, NRG is the toast of Wall Street as its ABR stands at 1.70 with 5 out of 10 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 4.81% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 81.08% since January. Over the past 2 quarters, NRG Energy, Inc. (NYSE:NRG) is up 57.45%, compared with a gain of nearly 18.53% for 3 months and about 31.05% for the past 30 days.
NRG Energy, Inc. (NRG) Has Mean Target Price of $20.00
To stay one step ahead we extended our research by comparing different price targets. NRG Energy, Inc. (NYSE:NRG) notched a 12-month high of $20.50 while $27.00 target is by far the most aggressive out of analysts who are currently evaluating NRG, $6.5 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $14.50, which would be decrease of about -35% of its current value. The mean target of $20.00 should be compared with the price when the stock was languishing around $9.84 a share. And it remains to be seen which target price NRG can achieve without sacrificing much as the company is holding a 39.89% gain for the past twelve months.
NRG Energy, Inc. Revenue Estimate is $13.59 Billion
Last time, the company failed Wall Street by reporting EPS of $-0.51, smashing the consensus of $-0.28 per share. Revenue for the quarter also did not kill consensus, coming in at $2.76 Billion, compared to the consensus of 3.03 Billion. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.30. The company is expected to report EPS as high as $1.71 and as low as $0.65 per share. Similarly, full-year EPS forecasts have ranged between $0.05 and $1.77. The mean EPS estimate is $0.80. On the other side, sales forecasts for the current quarter are $3.95 Billion. The stock is expected to report revenue as high as $4 Billion and as low as $3.9 Billion per share. Similarly, full-year sales forecasts have ranged between $12.59 Billion and $14.98 Billion. The mean revenue estimate is $13.59 Billion.
Over the last 5 years, NRG Energy, Inc. has averaged a -37.10% YoY EPS growth rate and a 6.30% revenue growth rate. Analysts are expecting EPS growth rates to be at 88.60% this quarter and EPS estimate for next year reflect 94.73% growth rate.
What Guru’s think About Is NRG Energy, Inc. (NYSE:NRG)
Sell-side analysts also have something to say about this NRG. UBS raised its rating on NRG Energy, Inc. to Buy on 01/06/2017 in a reversal from its prior Neutral rating. Williams Capital Group analysts stated on 01/06/2017 that they launched coverage on this stock with Buy rating. Goldman raised its rating on NRG Energy, Inc. to Buy on 29/03/2017 in a reversal from its prior Neutral rating. Citigroup raised its rating on NRG Energy, Inc. to Buy on 24/02/2017 in a reversal from its prior Neutral rating.