RWE (OTCMKTS:RWEOY) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• RWE crossed above its 50-day moving average, trading as high as $67.32 and last at $67.30 on volume of 118,781 shares, versus a 50-day MA of $63.18 and a 200-day MA of $54.75.
• Analyst sentiment is mixed—MarketBeat shows a consensus "Moderate Buy" but a consensus price target of $53.30, which is notably below the current share price.
• RWE delivered an earnings beat (EPS $0.84 vs. $0.59 est.) and has solid fundamentals, including a $48.87B market cap, P/E of 13.79, and net margin near 18%.

RWE AG (OTCMKTS:RWEOY - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $63.18 and traded as high as $67.32. RWE shares last traded at $67.30, with a volume of 118,781 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RWEOY. Sanford C. Bernstein lowered RWE from an "outperform" rating to a "hold" rating in a research note on Friday, February 13th. Zacks Research raised shares of RWE from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Kepler Capital Markets upgraded shares of RWE from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Finally, Citigroup reiterated a "neutral" rating on shares of RWE in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.30.

RWE Stock Performance

The firm has a 50 day moving average of $63.18 and a 200-day moving average of $54.75. The company has a market cap of $48.87 billion, a P/E ratio of 13.79, a PEG ratio of 1.88 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.42.

RWE (OTCMKTS:RWEOY - Get Free Report) last issued its earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.25. RWE had a return on equity of 4.96% and a net margin of 17.96%.The business had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, sell-side analysts anticipate that RWE AG will post 3.18 EPS for the current fiscal year.

RWE Company Profile

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.

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