As of Friday close, Brookfield Renewable Partners L.P.’s (NYSE:BEP) stock was down -$0.04, moving down -0.15 percent to $26.09. The average number of shares traded per day over the past five days has been 267,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.38 fall in that time frame. In the last twenty days, the average volume was 247,600, while in the previous 50 days, it was 277,420.
Since last month, BEP stock retreated -11.86%. Shares of the company fell to $25.77 on 08/15/23, the lowest level in the past month. A 52-week high of $39.59 was reached on 05/15/23 after having rallying from a 52-week low of $24.13. Since the beginning of this year, BEP’s stock price has risen by 2.96% or $0.75, and marked a new high 24 times. However, the stock has declined by -34.10% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.3375 per share was paid out, which is -0.15% less than last year’s $0.3380.
Financial Health
Based on annual data, BEP earned $1.59 billion in gross profit and brought in $4.85 billion in revenue.
In Brookfield Renewable Partners L.P.’s quarter-end financial report for June 29, it reported total debt of $1.53 billion against cash and short-term investments of $351.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BEP’s revenue rose 13.05% during the quarter, while net income inched up to $4.71 billion. While analysts expected Brookfield Renewable Partners L.P. to report -$0.03 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -233.30%. During the quarter, the company generated $786.0 million in EBITDA. The liabilities of Brookfield Renewable Partners L.P. were 37.39 billion at the end of its most recent quarter ended June 29, and its total debt was $24.45 billion.
Technical Picture
This quick technical analysis looks at Brookfield Renewable Partners L.P.’s (BEP) price momentum. With a historical volatility rate of 13.02%, the RSI 9-day stood at 25.81% on 18 August.
With respect to its five-day moving average, the current Brookfield Renewable Partners L.P. price is down by -1.44% percent or -$0.38. At present, BEP shares trade -13.09% below its 20-day simple moving average and -12.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.34% below its SMA50 and -10.59% below its SMA200.
Stochastic coefficient K was 10.36% and Stochastic coefficient D was 10.40%, while ATR was 0.64. Given the Stochastic reading of 9.52% for the 14-day period, the RSI (14) reading has been calculated as 28.11%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.40.
Analyst Ratings
Brookfield Renewable Partners L.P. (BEP) has been rated Overweight by analysts. According to 1 brokerage firm, BEP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Brookfield Renewable Partners L.P. stock as buy, with 10 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $27.00 – $46.11. Based on these forecasts, analysts predict Brookfield Renewable Partners L.P. (BEP) will achieve an average price target of $36.90.
