El Paso Electric Company (NYSE:EE) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded El Paso Electric Company (NYSE:EE) to Hold in a statement released on Tuesday October 11, 2016.
Having a price of $42.57, El Paso Electric Company (NYSE:EE) traded -2.36% lower on the day. With the last stock price down -7.10% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. EE has recorded a 50-day average of $45.85 and a two hundred day average of $45.82. Trade Volume was up over the average, with 286,918 shares of EE changing hands over the typical 170,088
Recent Performance Chart
El Paso Electric Company has price-earnings ratio of 23.31 with a one year low of $35.32 and a one year high of $48.75 and has a total market value of $0.
A total of 3 analysts have released a research note on El Paso Electric Company. One analyst rating the company a strong buy, zero analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $40.42.
More About El Paso Electric Company (NYSE:EE)
El Paso Electric Company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts. The Company's energy sources consists of approximately 47% nuclear fuel, 34% natural gas, 6% coal, 13% purchased power and 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company has power purchase agreements for over 107 Megawatts from solar photovoltaic generation facilities. The Company serves approximately 404,500 residential, commercial, industrial, public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico. In addition, its wholesale sales include sales for resale to other electric utilities and power marketers.
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