On Tuesday, Brookfield Renewable Partners LP (NYSE: BEP) opened higher 1.08% from the last session, before settling in for the closing price of $23.09. Price fluctuations for BEP have ranged from $19.92 to $29.56 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 15.16% annually for the last half of the decade. Company’s average yearly earnings per share was noted 27.30% at the time writing. With a float of $275.40 million, this company’s outstanding shares have now reached $285.11 million.
In terms of profitability, gross margin is 29.46%, operating margin of 16.88%, and the pretax margin is -2.22%.
Brookfield Renewable Partners LP (BEP) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Brookfield Renewable Partners LP is 3.41%, while institutional ownership is 65.94%.
Brookfield Renewable Partners LP (BEP) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.30% per share during the next fiscal year.
Brookfield Renewable Partners LP (NYSE: BEP) Trading Performance Indicators
Check out the current performance indicators for Brookfield Renewable Partners LP (BEP). In the past quarter, the stock posted a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.12, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach 0.38 in one year’s time.
Technical Analysis of Brookfield Renewable Partners LP (BEP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.49 million. That was better than the volume of 0.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.65%. Additionally, its Average True Range was 0.73.
During the past 100 days, Brookfield Renewable Partners LP’s (BEP) raw stochastic average was set at 15.14%, which indicates a significant decrease from 37.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.48% in the past 14 days, which was lower than the 33.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.50, while its 200-day Moving Average is $25.08. However, in the short run, Brookfield Renewable Partners LP’s stock first resistance to watch stands at $23.59. Second resistance stands at $23.85. The third major resistance level sits at $24.21. If the price goes on to break the first support level at $22.97, it is likely to go to the next support level at $22.61. The third support level lies at $22.35 if the price breaches the second support level.
Brookfield Renewable Partners LP (NYSE: BEP) Key Stats
There are currently 285,112K shares outstanding in the company with a market cap of 6.65 billion. Presently, the company’s annual sales total 5,709 M according to its annual income of -21,000 K. Last quarter, the company’s sales amounted to 1,625 M and its income totaled -73,000 K.
