Central Puerto (NYSE:CEPU) Trading Down 5.3% - Here's Why

Key Points

• Central Puerto S.A. shares fell by 5.3% to $8.96, with trading volume increasing by 22% from the average.
• Analysts have issued a consensus "Sell" rating, with Weiss Ratings restating a "sell (d+)" and Wall Street Zen downgrading from "strong-buy" to "buy."
• The company's latest earnings report indicated an EPS of $0.48 and a revenue of $179.60 million, with forecasts predicting an EPS of 0.63 for the current year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s share price was down 5.3% during trading on Tuesday . The company traded as low as $8.95 and last traded at $8.96. Approximately 388,774 shares were traded during trading, an increase of 22% from the average daily volume of 318,938 shares. The stock had previously closed at $9.46.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Central Puerto in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Central Puerto from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Central Puerto currently has a consensus rating of "Sell".

Central Puerto Trading Down 5.7%

The business's fifty day moving average is $9.81 and its 200-day moving average is $11.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31. The firm has a market cap of $1.35 billion, a P/E ratio of 9.11 and a beta of 1.07.

Central Puerto (NYSE:CEPU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.48 earnings per share for the quarter. The business had revenue of $179.60 million during the quarter. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%. Analysts predict that Central Puerto S.A. Sponsored ADR will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Central Puerto

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Central Puerto by 13.6% in the second quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock valued at $240,000 after buying an additional 2,460 shares during the period. Jane Street Group LLC grew its position in shares of Central Puerto by 6.9% during the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock worth $620,000 after buying an additional 3,424 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Central Puerto during the 1st quarter worth approximately $53,000. Ping Capital Management Inc. grew its position in shares of Central Puerto by 7.0% during the 1st quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock worth $1,020,000 after buying an additional 6,000 shares during the period. Finally, Invesco Ltd. grew its position in shares of Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after buying an additional 8,867 shares during the period. Institutional investors own 2.97% of the company's stock.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.

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