News articles about Ormat Technologies (NYSE:ORA) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ormat Technologies earned a media sentiment score of 0.08 on Alpha One’s scale. Alpha One also assigned media coverage about the company an impact score of 69 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s analysis:
- Ormat Technologies, Inc. (ORA) Coverage Initiated by Analysts at Cowen and Company (americanbankingnews.com)
- $181.98 Million in Sales Expected for Ormat Technologies, Inc. (ORA) This Quarter (americanbankingnews.com)
- Ormat Technologies Up 18.2% Since SmarTrend Uptrend Call (ORA) (mysmartrend.com)
- Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2017 … (finance.yahoo.com)
- How Ormat Technologies (ORA) Stock Stands Out in a Strong Industry (finance.yahoo.com)
Shares of Ormat Technologies (NYSE:ORA) traded down 1.51% during mid-day trading on Thursday, reaching $57.24. The company had a trading volume of 147,188 shares. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 30.61 and a beta of 1.18. The stock has a 50 day moving average of $57.41 and a 200-day moving average of $52.20. Ormat Technologies has a one year low of $41.12 and a one year high of $59.63.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, February 16th. This is a boost from Ormat Technologies’s previous quarterly dividend of $0.07. Ormat Technologies’s payout ratio is presently 15.73%.
Several brokerages recently commented on ORA. Cowen and Company reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Ormat Technologies in a research note on Wednesday. Roth Capital set a $66.00 price objective on Ormat Technologies and gave the stock a “buy” rating in a research note on Monday, March 6th. Barclays PLC raised their price objective on Ormat Technologies from $43.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, March 6th. Zacks Investment Research raised Ormat Technologies from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research note on Saturday, March 4th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $56.00) on shares of Ormat Technologies in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $61.50.
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Ormat Technologies Company Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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