Evergy stock: buy or sell?

EVRG stock price: $61.04 0.10% At close on July 16th, 2019

Updated on:
July 16th, 2019

4

Evergy stayed steady 0.10% to $61.04 after topping to all time highs on Wednesday.

Should I buy Evergy stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Evergy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Evergy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 3 ratings published for EVRG stock in the last 30 days.

Is EVRG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-7UBS Groupn/aNeutral
2019-2-12Bank of AmericaNeutralBuy
2019-1-4Goldman Sachs GroupNeutralSell

Evergy stock analysis

Daily outlook

Evergy stayed stable 0.10% to $61.04 after reaching all time highs on Wednesday.

Evergy stayed stable 0.10% to $61.04 after marking all time highs on Wednesday. Since price and SMA200d lines crossed up on March, EVRG climbed $6.10 (11.10%). On May, SMA50d and SMA100d crossed up triggering a rise of 6.71%. On Wednesday, EVRG hit new all time highs, pushing higher previous ATH of $61.88 recorded on July/3. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

EVRG stock chart (daily)

Weekly outlook

Shares of Evergy remained constant a tight -0.16% this week.

Evergy stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last all-time high Evergy marked last week. Since late April when EVRG stock price broke up the SMA40w line, it gained $4.93 (8.79%). Since SMA10d and SMA20w crossed up late April, EVRG price climbed $4.34 per share (7.65%).

EVRG stock chart (weekly)

Evergy stock price history

Evergy stock historical price chart

EVRG stock reached all-time highs on Wednesday with a price of $62.12.

Evergy stock price target is $61.00

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' EVRG stock price predictions in the hope that they will be met as they may be wrong and not met. Currently, only 1 price prediction for Evergy stock was published in the last month:
EVRG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-7UBS GroupRaises Target$58.00$61.005.2%
(in average)$58.00$61.005.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Evergy didn't meet the expectations of the experts and reported a scary EPS of $0.08 per share when experts were expecting $0.24.
EVRG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q1-n/an/an/a
2018-Q22018-08-080.560.560.0%
2018-Q32018-11-071.261.324.8%
2018-Q42019-02-210.240.08-66.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Evergy annual turnover skyrocketed an amazing 66.31% to $4,275.90 million dollars from $2,571.00 marked in 2017. Instead, its profit margin (compared to sales) stayed steady to 12.53%, that is $535.80 million.

EVRG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$2,602 M-$313 M12.0%-
2015$2,459 M-5.48%$292 M11.9%-6.81%
2016$2,562 M4.19%$347 M13.5%18.72%
2017$2,571 M0.35%$324 M12.6%-6.54%
2018$4,276 M66.31%$536 M12.5%65.42%

Quarterly financial results

Evergy posted $1,199.80 M in sales for 2018-Q4, a -24.18% less compared to previous quarter. Reported quarter earnings marked $18.50 M with a profit margin of 1.54%. Profit margin plummed a -20.89% compared to previous quarter when profit margin was 22.43%. When comparing sales to same quarter last year, Evergy sales marked a super good increase and climbed a 101.71%.
EVRG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q3$794 M-$158 M19.9%-
2017-Q4$595 M-25.12%$34 M5.7%-78.57%
2018-Q1$600 M0.91%$60 M10.1%78.32%
2018-Q2$893 M48.85%$102 M11.4%68.31%
2018-Q3$1,583 M77.13%$355 M22.4%248.72%
2018-Q4$1,200 M-24.18%$19 M1.5%-94.79%

Evergy ownership

When you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Evergy, 0.50% of all outstanding shares are owned by its staff.

Bearish positions for EVRG stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

EVRG
Market cap$14.9 B
Total shares244.1 M
Float shares243.5 M
  - Institutional holdings (%)86.4%
  - Insider holdings (%)0.5%
Shares in short selling0.0%

Evergy summary

Tuesday, July 16th, 2019
Open$60.78
Close$61.04
Day range$60.68 - $61.48
Previous close$60.98
Session gain0.10%
Average true range$0.94
50d mov avg$59.56
100d mov avg$57.96
200d mov avg$57.15
Daily pattern
Weekly pattern lt06a

Evergy performance

To better understand Evergy performance you must compare its gains with other related stocks in same sector or industry. We chose as the bechmarking frame for Evergy stock.
Stock3m6m12m
EVRGEvergy8.79%9.55%13.20%

Evergy competitors

Unfortunately, we could not find any public company that could be defined as Evergy competitor. This doesn't mean Evergy does not have any competitor in the market, it's just we could not detected it.