Ormat Technologies, Inc. (NYSE:ORA) CEO Doron Blachar Sells 1,792 Shares – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Ormat Technologies, Inc. (NYSE:ORA – Get Rating) CEO Doron Blachar sold 1,792 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $83.20, for a total value of $149,094.40. Following the sale, the chief executive officer now owns 9,671 shares in the company, valued at $804,627.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of ORA stock traded down $0.33 during trading hours on Friday, reaching $82.64. The company had a trading volume of 244,475 shares, compared to its average volume of 387,278. The company has a 50 day moving average of $80.15 and a 200 day moving average of $76.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.81. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 71.24, a P/E/G ratio of 4.14 and a beta of 0.45. Ormat Technologies, Inc. has a 1-year low of $60.32 and a 1-year high of $88.52.
Ormat Technologies (NYSE:ORA – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The energy company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $183.71 million for the quarter, compared to the consensus estimate of $174.20 million. Ormat Technologies had a return on equity of 3.70% and a net margin of 9.59%. As a group, sell-side analysts forecast that Ormat Technologies, Inc. will post 1.27 EPS for the current fiscal year.
A biopharmaceutical company, interactive technology, a refrigerant services company and a specialty pharmaceutical company…

These 4 penny stocks are poised to soar.

Click here to get the names of all 4 penny stocks.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, May 13th. Ormat Technologies’s dividend payout ratio (DPR) is currently 41.38%.
Several research firms have issued reports on ORA. Oppenheimer reduced their price objective on Ormat Technologies from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. StockNews.com raised Ormat Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a report on Thursday, April 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.25.
Several hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Ormat Technologies by 7.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,362 shares of the energy company’s stock worth $3,466,000 after buying an additional 2,797 shares during the period. Advisors Asset Management Inc. raised its stake in Ormat Technologies by 146.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,918 shares of the energy company’s stock worth $648,000 after buying an additional 4,704 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Ormat Technologies during the 1st quarter worth $177,000. Eaton Vance Management raised its stake in Ormat Technologies by 9,839.0% during the 1st quarter. Eaton Vance Management now owns 19,878 shares of the energy company’s stock worth $1,627,000 after buying an additional 19,678 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in Ormat Technologies by 120.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 6,890 shares of the energy company’s stock worth $564,000 after buying an additional 3,770 shares during the period. 96.42% of the stock is currently owned by institutional investors.
Ormat Technologies Company Profile (Get Rating)
Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.
Featured Articles

Insider Buying and Selling by Quarter for Ormat Technologies (NYSE:ORA)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Ormat Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ormat Technologies wasn’t on the list.
While Ormat Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here

Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
In this episode, Kate’s guest is Tyler Laundon, editor of the Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities newsletters. Tyler shares his analysis of the small-cap asset class, within the lens of the broader market. He also offers some stocks he’s eyeing right now as potential watch-list candidates.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.

source

Related Articles