Just Energy Group Inc. (NYSE: JE): Hunting Genuine Value In Market Debris


With over 164.66 million Just Energy Group Inc. (JE) shares trading Friday and a closing price of $0.39 on the day, the dollar volume was approximately $64.22 million. The shares have shown a positive weekly performance of 34.31% and its price on 08/28/20 gained nearly 26.22%. Currently, there are 151.64M common shares owned by the public and among those 107.64M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for JE have a consensus price objective of $0.30. The analysts have set the share’s price value over the next 12 months at a high of $0.38 and a low of $0.22 should the stock experience a downside. Incidentally, analysts’ outlook for the Just Energy Group Inc. stock is 1.70 for the next 12 months. But an upside of -2.63% will see the stock hit the forecast high price target while mean target price for the stock is $0.30.

The top 3 mutual fund holders in Just Energy Group Inc. are TD Monthly Income Fund, MGTS AFH DA Fund – UK Smaller Com, and TD Dividend Growth Fund. TD Monthly Income Fund owns 2.24 million shares of the company’s stock, all valued at over $0.8 million. The company sold 9700.0 shares recently to bring their total holdings to about 1.47% of the shares outstanding. TD Dividend Growth Fund sold 66300.0 shares to bring its total holdings to over 1.24 million shares at a value of $0.44 million. TD Dividend Growth Fund now owns shares totaling to 0.81% of the shares outstanding.

Shares of Just Energy Group Inc. (NYSE: JE) opened at $0.55, up $0.24 from a prior closing price of $0.31. However, the script later closed the day at $0.39, up 26.22%. The company’s stock has a 5-day price change of 34.31% and -2.60% over the past three months. JE shares are trading -76.82% year to date (YTD), with the 12-month market performance down to -65.53% lower. It has a 12-month low price of $0.28 and touched a high of $2.84 over the same period. Currently, 164.66 million shares have been traded, compared to an average intraday trading volume of 5.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.76%, -5.18%, and -58.19% respectively.

Institutional ownership of Just Energy Group Inc. (NYSE: JE) shares accounts for 22.54% of the company’s 151.64M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $59.06M. The stock’s trailing 12-month PE ratio is 0.22, while the earnings-per-share (ttm) stands at $1.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.45% over the week and 8.64% over the month.

Analysts forecast that Just Energy Group Inc. (JE) will achieve an EPS of $0.15 for the current quarter, $0.06 for the next quarter and $0.52 for 2019. The lowest estimate earnings-per-share for the quarter is $0.09 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was -$0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -41.10%, and -53.60% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Just Energy Group Inc. (JE) as a “Strong Buy” at a consensus score of 1.70. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the JE, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Underperform rating for the stock in a research note on July 29, 2020, with the firm’s price target at. Canaccord Genuity coverage for the Just Energy Group Inc. (JE) stock in a research note released on October 08, 2019 offered a Hold rating with a price target of. CIBC was of a view on August 22, 2019 that the stock is Neutral, while CIBC gave the stock Sector Underperform rating on August 16, 2019, issuing a price target of. Canaccord Genuity on their part issued Hold rating on May 13, 2019.


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