Quanta Services (NYSE:PWR) has tumbled 1.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.71% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.08% and the outperformance has advanced to 0.78% for the last 4 weeks period.
Quanta Services (NYSE:PWR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.16 and $23.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.21, notching a gain of 0.52% for the day. The total traded volume was 3,133,596 . The stock had closed at $23.09 on the previous day.
The company shares have dropped -22.22% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $30.61 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.38 and the 200 Day Moving Average price is recorded at $21.29.
On the companys insider trading activities, The director, of Quanta Services Inc, Conaway John Michal had unloaded 9,000 shares at $28.12 per share in a transaction on May 7, 2015. The total value of transaction was $253,080. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Deutsche Bank assumes its view on Quanta Services (NYSE:PWR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank announces the current price target of $29 per share on Quanta Services . The rating by the firm was issued on April 6, 2016. Currently the company Insiders own 0.7% of Quanta Services shares according to the proxy statements. Institutional Investors own 96.75% of Quanta Services shares.
Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.