Argan (AGX) Receives News Impact Rating of 0.14
News coverage about Argan (NYSE:AGX) has trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Argan earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 47.4763843009792 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Financial Analysis: Emcor Group (EME) versus Argan (AGX) (americanbankingnews.com)
- Argan, Inc. (AGX) Given $56.00 Consensus Target Price by Analysts (americanbankingnews.com)
- ETFs with exposure to Argan, Inc. : December 22, 2017 (finance.yahoo.com)
- Argan Oil Market: Industry Analysis, Trends & Forecasts to 2023 – Research and Markets (markets.financialcontent.com)
Argan (NYSE AGX) opened at $45.45 on Thursday. The stock has a market cap of $704.36, a P/E ratio of 8.43 and a beta of 0.88. Argan has a 1-year low of $41.79 and a 1-year high of $76.70.
Separately, Lake Street Capital downgraded shares of Argan from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $56.00 in a research note on Thursday, December 7th.
In other Argan news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average cost of $47.60 per share, with a total value of $47,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.64% of the company’s stock.
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Argan Company Profile
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
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