PNM Resources, Inc. (Holding Co.) stock performance trend indicates that the stock price has rallied 9.54% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 14% . Looking at the past 52 week period, the stock price is up at 11.41% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of PNM Resources, Inc. (Holding Co.) has a positive value of 8.59 compared to overall market.PNM Resources, Inc. is having a Relative Strength Index of 68.19 which indicates the stock is not yet over sold or over bought based on the technical indicators.
PNM Resources, Inc. (Holding Co.) (NYSE:PNM) has climbed 3.32% in the past week and advanced 6.27% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.08% and the outperformance has advanced to 5.06% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. PNM Resources, Inc. (Holding Co.) (NYSE:PNM) : On Friday heightened volatility was witnessed in PNM Resources, Inc. (Holding Co.) (NYSE:PNM) which led to swings in the share price. The stock opened for trading at $36.55 and hit $37.475 on the upside , eventually ending the session at $37.3, with a gain of 2.75% or 1 points. The heightened volatility saw the trading volume jump to 1,396,675 shares. The 52-week high of the share price is $37.475 and the company has a market cap of $2,971 million. The 52-week low of the share price is at $30.62 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by RBC Capital Mkts on Mar 9, 2017 to Outperform, Raises Price Target to $ 38 from a previous price target of $37 .Company shares were Downgraded by Williams Capital Group on Mar 1, 2017 to Hold, Raises Price Target to $ 36 from a previous price target of $35 .PNM Resources Inc was Downgraded by Jefferies on Jan 5, 2017 to Hold, Price Target of the shares are set at $34.50.
Company has reported several Insider transactions to the SEC, on Mar 8, 2017, Joseph Don Tarry (VP, Finance and Controller) sold 2,000 shares at 36.40 per share price.On Mar 7, 2017, Charles N Eldred (EXEC VP, CFO) sold 4,000 shares at 36.40 per share price.On Mar 17, 2016, Ronald N. Darnell (SVP, PUBLIC POLICY) sold 113 shares at 33.05 per share price.
PNM Resources Inc Last issued its quarterly earnings results on Feb 28, 2017. The company reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.31. The company had revenue of $1.00 million for the quarter.During the same quarter in the previous year, the company posted $0.23 EPS.
PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S.