El Paso Electric Company found using ticker (EE) now have 2 analysts in total covering the stock. The consensus rating is ‘Underperform’. The target price ranges between 66.5 and 54 and has a mean target at 60.25. Given that the stocks previous close was at 67.97 this would imply there is a potential downside of -11.4%. The 50 day moving average now sits at 68.06 and the 200 moving average now moves to 67.8. The company has a market cap of $2,772m. Company Website: http://www.epelectric.com
El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, purchased power, and solar photovoltaic panels. The company owns or has ownership interests in electrical generating facilities with a net generating capacity of approximately 2,085 megawatts; four 345 kilovolt (kv) transmission lines in New Mexico and Arizona; and three 500 kV lines in Arizona. It serves approximately 432,800 residential, commercial, industrial, public authority, and wholesale customers; and distributes electricity to retail customers. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.