Just Energy Group (TSE:JE) Shares Cross Above 50-Day Moving Average of $4.94

Just Energy Group Inc (TSE:JE) (NYSE:JE) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.94 and traded as high as $5.69. Just Energy Group shares last traded at $5.36, with a volume of 424,860 shares trading hands.

JE has been the subject of several analyst reports. Canaccord Genuity cut Just Energy Group from a “speculative buy” rating to a “hold” rating and cut their price target for the stock from C$5.50 to C$5.00 in a research note on Monday, May 13th. National Bank Financial upped their price objective on Just Energy Group from C$5.00 to C$5.25 and gave the stock a “sector perform” rating in a report on Friday, March 22nd. Royal Bank of Canada upped their price objective on Just Energy Group from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Friday, June 7th. CIBC upped their price objective on Just Energy Group from C$4.75 to C$5.00 in a report on Friday, March 22nd. Finally, TD Securities dropped their price objective on Just Energy Group from C$5.00 to C$4.50 and set a “hold” rating on the stock in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$5.25.

The company has a debt-to-equity ratio of 2,374.38, a current ratio of 1.27 and a quick ratio of 0.91. The company’s 50-day simple moving average is C$4.94. The company has a market cap of $839.85 million and a price-to-earnings ratio of -6.14.

Just Energy Group (TSE:JE) (NYSE:JE) last issued its quarterly earnings data on Thursday, May 16th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.05). The firm had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.08 billion. On average, research analysts predict that Just Energy Group Inc will post 0.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.50 annualized dividend and a yield of 9.23%. Just Energy Group’s dividend payout ratio (DPR) is presently -56.63%.

Just Energy Group Company Profile (TSE:JE)

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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