Siemens Energy (OTCMKTS:SMNEY) Shares Gap Up - Here's Why

Key Points

• Siemens Energy shares opened at $128.40, up from a previous close of $122.70, indicating strong pre-market interest.
• Analysts have upgraded Siemens Energy's stock rating, with Zacks Research and HSBC Global Research both issuing a "strong-buy" rating recently.
• The company reported impressive quarterly earnings, with an EPS of $0.79, exceeding analyst expectations of $0.31, alongside revenues of $11.06 billion.

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $122.70, but opened at $128.40. Siemens Energy shares last traded at $127.60, with a volume of 10,316 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMNEY. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a research note on Friday, August 8th. Zacks Research raised shares of Siemens Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. Finally, Hsbc Global Res upgraded shares of Siemens Energy to a "strong-buy" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Siemens Energy has a consensus rating of "Moderate Buy".

Siemens Energy Stock Up 3.5%

The firm's 50-day moving average price is $111.43 and its two-hundred day moving average price is $95.22. The firm has a market cap of $101.54 billion, a PE ratio of 107.65, a P/E/G ratio of 1.26 and a beta of 1.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.48. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.64 billion. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. As a group, equities research analysts expect that Siemens Energy AG Unsponsored ADR will post 0.24 EPS for the current fiscal year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.

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