Today's Pre-Market Mover With Heavy Volume: NorthWestern (NWE)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified NorthWestern ( NWE) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified NorthWestern as such a stock due to the following factors:

  • NWE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.4 million.
  • NWE traded 51,050 shares today in the pre-market hours as of 7:29 AM, representing 17.4% of its average daily volume.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NWE with the Ticky from Trade-Ideas. See the FREE profile for NWE NOW at Trade-Ideas

More details on NWE:

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers in Montana, South Dakota, and Nebraska, the United States. The stock currently has a dividend yield of 3%. NWE has a PE ratio of 18.8. Currently there are 3 analysts that rate NorthWestern a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for NorthWestern has been 185,300 shares per day over the past 30 days. NorthWestern has a market cap of $2.1 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.69 and a short float of 5.4% with 6.33 days to cover. Shares are up 21.3% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates NorthWestern as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Multi-Utilities industry. The net income increased by 93.0% when compared to the same quarter one year prior, rising from $15.65 million to $30.19 million.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • Net operating cash flow has significantly increased by 93.61% to $80.40 million when compared to the same quarter last year. In addition, NORTHWESTERN CORP has also vastly surpassed the industry average cash flow growth rate of -8.66%.
  • NORTHWESTERN CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NORTHWESTERN CORP reported lower earnings of $2.45 versus $2.66 in the prior year. This year, the market expects an improvement in earnings ($2.68 versus $2.45).
  • NWE, with its decline in revenue, underperformed when compared the industry average of 7.8%. Since the same quarter one year prior, revenues slightly dropped by 3.9%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

null

More from Markets

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet