The stock of NextEra Energy Partners LP (NEP) has seen a -3.44% decrease in the past week, with a -1.99% drop in the past month, and a -4.15% decrease in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 3.27% for NEP. The simple moving average for the past 20 days is 0.51% for NEP’s stock, with a -13.82% simple moving average for the past 200 days.
Is It Worth Investing in NextEra Energy Partners LP (NYSE: NEP) Right Now?
The price-to-earnings ratio for NextEra Energy Partners LP (NYSE: NEP) is above average at 9.39x, Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for NEP is 90.93M, and currently, short sellers hold a 5.81% ratio of that floaft. The average trading volume of NEP on May 02, 2024 was 1.31M shares.
NEP) stock’s latest price update
The stock price of NextEra Energy Partners LP (NYSE: NEP) has jumped by 0.88 compared to previous close of 28.36. Despite this, the company has seen a fall of -3.44% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that NextEra Energy Partners (NEP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Analysts’ Opinion of NEP
Many brokerage firms have already submitted their reports for NEP stocks, with Barclays repeating the rating for NEP by listing it as a “Equal Weight.” The predicted price for NEP in the upcoming period, according to Barclays is $32 based on the research report published on April 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see NEP reach a price target of $43. The rating they have provided for NEP stocks is “Outperform” according to the report published on February 13th, 2024.
NEP Trading at 1.07% from the 50-Day Moving Average
After a stumble in the market that brought NEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.22% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.85% upper at present.
During the last 5 trading sessions, NEP fell by -3.44%, which changed the moving average for the period of 200-days by -51.36% in comparison to the 20-day moving average, which settled at $28.45. In addition, NextEra Energy Partners LP saw -5.92% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEP
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for NextEra Energy Partners LP stands at 0.27. The total capital return value is set at 0.01. Equity return is now at value -1.98, with -0.31 for asset returns.
Based on NextEra Energy Partners LP (NEP), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.77. The interest coverage ratio of the stock is 0.5.
Currently, EBITDA for the company is 575.0 million with net debt to EBITDA at 7.9. When we switch over and look at the enterprise to sales, we see a ratio of 7.19. The receivables turnover for the company is 0.71for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In a nutshell, NextEra Energy Partners LP (NEP) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
