US Geothermal Inc (AMEX:HTM) has been assigned a $6.00 target price by analysts at Northland Securities in a research note issued to investors on Monday, August 14th. The firm currently has a “buy” rating on the energy company’s stock. Northland Securities’ price target would suggest a potential upside of 57.89% from the stock’s current price.
Other research analysts have also issued research reports about the company. Roth Capital set a $5.00 price objective on US Geothermal and gave the company a “buy” rating in a research report on Saturday, May 13th. ValuEngine lowered US Geothermal from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company set a $6.00 target price on US Geothermal and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised US Geothermal from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.35.
Shares of US Geothermal (AMEX HTM) traded down 2.31% during mid-day trading on Monday, reaching $3.80. 34,827 shares of the company traded hands. The company’s 50 day moving average is $4.26 and its 200 day moving average is $4.18. US Geothermal has a 52-week low of $3.59 and a 52-week high of $4.94. The stock has a market capitalization of $73.11 million, a price-to-earnings ratio of 131.03 and a beta of 0.51.
US Geothermal (AMEX:HTM) last released its quarterly earnings data on Thursday, August 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. US Geothermal had a return on equity of 0.99% and a net margin of 13.32%. The business had revenue of $6.31 million during the quarter, compared to analyst estimates of $6.16 million. On average, equities analysts forecast that US Geothermal will post $0.07 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Management Group Inc. grew its stake in US Geothermal by 10.8% in the second quarter. Private Management Group Inc. now owns 1,812,458 shares of the energy company’s stock valued at $8,319,000 after purchasing an additional 177,176 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of US Geothermal during the 1st quarter worth about $1,434,000. Bank of New York Mellon Corp lifted its position in shares of US Geothermal by 69.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock worth $161,000 after purchasing an additional 14,411 shares during the last quarter. Northern Trust Corp lifted its position in shares of US Geothermal by 1.2% during the 2nd quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock worth $153,000 after purchasing an additional 392 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in US Geothermal by 72.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock valued at $119,000 after acquiring an additional 10,864 shares in the last quarter.
US Geothermal Company Profile
U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.
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