Just Energy Group (NYSE:JE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a hold rating to a buy rating in a research note issued to investors on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $2.50 target price on the utilities provider’s stock.

According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “

Other equities analysts have also recently issued research reports about the stock. B. Riley set a $6.00 price objective on shares of Just Energy Group and gave the company a buy rating in a research note on Friday, August 16th. Royal Bank of Canada reaffirmed a hold rating on shares of Just Energy Group in a research note on Friday, August 16th. Liberum Capital reaffirmed a buy rating on shares of Just Energy Group in a research note on Monday, October 21st. Canaccord Genuity cut shares of Just Energy Group to a hold rating in a research note on Saturday, November 2nd. Finally, ValuEngine raised shares of Just Energy Group from a hold rating to a buy rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $4.15.

Shares of JE traded up $0.01 during trading hours on Friday, hitting $2.28. The company’s stock had a trading volume of 356,225 shares, compared to its average volume of 650,938. The business has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.94. The company has a market cap of $339.09 million, a price-to-earnings ratio of 19.00 and a beta of 1.20. Just Energy Group has a 52-week low of $1.08 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 22.52, a current ratio of 0.92 and a quick ratio of 0.91.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, August 14th. The utilities provider reported ($1.82) EPS for the quarter, missing the consensus estimate of $0.07 by ($1.89). The firm had revenue of $670.17 million for the quarter, compared to analysts’ expectations of $911.86 million. Just Energy Group had a negative net margin of 9.76% and a negative return on equity of 325.10%. Just Energy Group’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.45) EPS. Research analysts predict that Just Energy Group will post -0.19 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in JE. Susquehanna Fundamental Investments LLC bought a new stake in Just Energy Group during the second quarter valued at approximately $46,000. A.R.T. Advisors LLC bought a new stake in Just Energy Group during the second quarter valued at approximately $73,000. Jane Street Group LLC lifted its position in Just Energy Group by 36.9% during the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock valued at $95,000 after purchasing an additional 5,985 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Just Energy Group by 73.2% during the third quarter. Commonwealth Equity Services LLC now owns 48,492 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 20,495 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in Just Energy Group by 172.9% during the second quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 17,727 shares during the last quarter. Institutional investors and hedge funds own 29.41% of the company’s stock.

Just Energy Group Company Profile

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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