Press coverage about EnerNOC (NASDAQ:ENOC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EnerNOC earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate EnerNOC, Inc. (ENOC) Will Post Quarterly Sales of $73.64 Million (americanbankingnews.com)
- SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of EnerNOC, Inc. – ENOC (finance.yahoo.com)
- INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of EnerNOC, Inc. and Encourages Shareholders to Contact the Firm for Additional Information (finance.yahoo.com)
- Brokerages Anticipate EnerNOC, Inc. (ENOC) to Announce -$0.79 Earnings Per Share (americanbankingnews.com)
Several research firms have issued reports on ENOC. Needham & Company LLC downgraded shares of EnerNOC from a “buy” rating to a “hold” rating in a report on Monday, June 26th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of EnerNOC in a report on Friday, June 23rd. Robert W. Baird downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $11.00 to $8.00 in a report on Friday, June 23rd. Canaccord Genuity reaffirmed a “hold” rating and set a $7.67 price objective on shares of EnerNOC in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded shares of EnerNOC from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.93.
EnerNOC (NASDAQ ENOC) remained flat at $7.75 during trading on Monday. 198,976 shares of the company’s stock were exchanged. The firm’s market cap is $228.40 million. The company has a 50 day moving average price of $5.93 and a 200 day moving average price of $5.80. EnerNOC has a 52 week low of $4.80 and a 52 week high of $7.78.
EnerNOC (NASDAQ:ENOC) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.36) by $0.44. EnerNOC had a negative net margin of 10.51% and a negative return on equity of 42.33%. The business had revenue of $48.10 million for the quarter, compared to analyst estimates of $44.73 million. During the same period in the previous year, the firm earned ($1.41) EPS. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities research analysts forecast that EnerNOC will post ($2.30) EPS for the current year.
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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