Ormat Technologies (ORA) Earns Media Impact Score of 0.24

Headlines about Ormat Technologies (NYSE:ORA) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ormat Technologies earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s scoring:

Insider Buying and Selling by Quarter for Ormat Technologies (NYSE:ORA)

ORA has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Cowen and Company restated an “outperform” rating and issued a $67.00 target price on shares of Ormat Technologies in a research note on Wednesday, April 12th. Oppenheimer Holdings, Inc. set a $65.00 target price on shares of Ormat Technologies and gave the company a “buy” rating in a research note on Thursday, May 4th. Barclays PLC raised their target price on shares of Ormat Technologies from $43.00 to $54.00 and gave the company an “underweight” rating in a research note on Monday, March 6th. Finally, BidaskClub upgraded shares of Ormat Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ormat Technologies presently has a consensus rating of “Buy” and a consensus price target of $65.25.

Shares of Ormat Technologies (ORA) traded up 0.13% during midday trading on Thursday, reaching $59.64. 83,104 shares of the company’s stock traded hands. The stock has a market capitalization of $2.96 billion, a P/E ratio of 30.09 and a beta of 1.19. The firm’s 50-day moving average price is $58.83 and its 200 day moving average price is $56.14. Ormat Technologies has a 1-year low of $41.12 and a 1-year high of $61.49.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Monday, May 8th. The energy company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. Ormat Technologies had a net margin of 14.26% and a return on equity of 10.05%. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $177.42 million. During the same period in the prior year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities analysts predict that Ormat Technologies will post $2.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 22nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, May 18th. Ormat Technologies’s dividend payout ratio is presently 16.08%.

In other Ormat Technologies news, VP Zvi Krieger sold 7,704 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $57.81, for a total value of $445,368.24. Following the sale, the vice president now directly owns 7,704 shares of the company’s stock, valued at approximately $445,368.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Etty Rosner sold 879 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $56.39, for a total transaction of $49,566.81. Following the completion of the sale, the senior vice president now directly owns 879 shares in the company, valued at $49,566.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,854 shares of company stock worth $3,300,521. Insiders own 22.97% of the company’s stock.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ORA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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