Posted byMarketBeat NewsonJul 6th, 2024. Ormat Technologies, Inc. NYSE:ORA Get Free Report has received an average recommendation of Moderate Buy from the seven research firms that are currently covering the firm,Marketbeat.comreports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12month target price among analysts that have updated their coverage on the stock in the last year is 84.17. A number of equities analysts have recently weighed in on the company. UBS Group boosted their price target on Ormat Technologies from 95.00 to 100.00 and gave the stock a buy rating in a report on Tuesday, May 14th. TD Cowen boosted their price target on Ormat Technologies from 70.00 to 76.00 and gave the stock a hold rating in a report on Friday, May 10th. Barclays lowered their price objective on Ormat Technologies from 75.00 to 73.00 and set an equal weight rating for the company in a research report on Monday, May 13th. Finally, Oppenheimer lifted their price objective on Ormat Technologies from 83.00 to 85.00 and gave the company an outperform rating in a research report on Friday, June 21st. Get Our Latest Research Report on ORA. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverIn related news, DirectorDavid Granotsold 686 shares of the business s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of 73.46, for a total value of 50,393.56. Following the transaction, the director now owns 4,832 shares in the company, valued at 354,958.72. The transaction was disclosed in a legal filing with the SEC, which is available atthis hyperlink. 0.46 of the stock is currently owned by insiders. Several institutional investors and hedge funds have recently bought and sold shares of ORA. GAMMA Investing LLC grew its holdings in shares of Ormat Technologies by 115.3 during the second quarter. GAMMA Investing LLC now owns 730 shares of the energy company s stock valued at 52,000 after purchasing an additional 391 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Ormat Technologies by 81.8 in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,049 shares of the energy company s stock worth 597,000 after buying an additional 4,072 shares in the last quarter. Beck Bode LLC grew its holdings in Ormat Technologies by 34.1 in the 1st quarter. Beck Bode LLC now owns 174,882 shares of the energy company s stock worth 11,575,000 after buying an additional 44,451 shares in the last quarter. Swedbank AB bought a new position in Ormat Technologies in the 1st quarter worth approximately 7,907,000. Finally, Virtu Financial LLC bought a new position in Ormat Technologies in the 1st quarter worth approximately 246,000. Institutional investors and hedge funds own 95.49 of the company s stock. ORAopened at 70.80 on Friday. The company has a debttoequity ratio of 0.73, a current ratio of 1.12 and a quick ratio of 1.02. The business has a 50 day simple moving average of 71.87 and a 200day simple moving average of 68.79. The stock has a market capitalization of 4.28 billion, a PE ratio of 31.89, a PEG ratio of 3.39 and a beta of 0.51. Ormat Technologies has a 12 month low of 58.73 and a 12 month high of 85.82. Ormat Technologies NYSE:ORA Get Free Report last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported 0.65 earnings per share EPS for the quarter, missing the consensus estimate of 0.68 by 0.03. The firm had revenue of 224.17 million for the quarter, compared to analyst estimates of 224.38 million. Ormat Technologies had a return on equity of 5.45 and a net margin of 15.43. On average, equities analysts anticipate that Ormat Technologies will post 2.08 earnings per share for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a dividend of 0.12 per share. This represents a 0.48 dividend on an annualized basis and a dividend yield of 0.68. The exdividend date of this dividend was Tuesday, May 21st. Ormat Technologies s dividend payout ratio is presently 21.62. Get Free Report. Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energybased power plants; and sells electricity. . . Willis Towers Watson Public Limited NASDAQ:WTW Given Average Rating of Moderate Buy by Brokerages. Strategic Education, Inc. NASDAQ:STRA Receives Average Rating of Buy from Analysts
Ormat Technologies, Inc. has an average Moderate Buy rating from seven research firms, with three analysts recommending hold and four suggesting buy. The stock has a 12-month target price of 84.17. Recent price target adjustments include UBS Group raising it to 100.00 and Barclays lowering theirs to 73.00. Director David Granot sold 686 shares, valued at 73.46 each. Institutional investors have shown interest in the company recently. The stock opened at 70.80. The company reported 0.65 EPS and revenue of 224.17 million, falling short of estimates. Ormat Technologies pays a quarterly dividend and has a payout ratio of 21.62. Their dividend yield is 0.68.