Shares of Layne Christensen (NASDAQ:LAYN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price objective of $11.00 for the company and are expecting that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also given Layne Christensen an industry rank of 84 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on LAYN shares. BidaskClub upgraded shares of Layne Christensen from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group restated a “hold” rating and issued a $11.00 price target (up previously from $9.00) on shares of Layne Christensen in a research report on Thursday, September 14th. ValuEngine upgraded shares of Layne Christensen from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded shares of Layne Christensen from a “hold” rating to a “sell” rating in a research report on Monday, December 11th.

Shares of Layne Christensen (LAYN) traded up $0.40 during trading hours on Thursday, hitting $13.22. 186,199 shares of the company traded hands, compared to its average volume of 129,000. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 3.05. The stock has a market cap of $254.89, a P/E ratio of -4.16 and a beta of 0.49. Layne Christensen has a fifty-two week low of $6.98 and a fifty-two week high of $13.64.

Layne Christensen (NASDAQ:LAYN) last issued its quarterly earnings results on Tuesday, December 5th. The construction company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The firm had revenue of $127.43 million during the quarter, compared to analysts’ expectations of $131.12 million. Layne Christensen had a negative net margin of 12.73% and a negative return on equity of 40.46%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) EPS. sell-side analysts predict that Layne Christensen will post -0.51 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in Layne Christensen in the 3rd quarter valued at approximately $384,000. Jane Street Group LLC acquired a new position in Layne Christensen in the 3rd quarter valued at approximately $162,000. Wells Fargo & Company MN increased its stake in Layne Christensen by 287.9% in the 3rd quarter. Wells Fargo & Company MN now owns 157,745 shares of the construction company’s stock valued at $1,980,000 after buying an additional 117,075 shares during the period. JPMorgan Chase & Co. increased its stake in Layne Christensen by 1,479.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,155 shares of the construction company’s stock valued at $807,000 after buying an additional 61,030 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Layne Christensen by 179.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 132,300 shares of the construction company’s stock valued at $1,660,000 after buying an additional 85,000 shares during the period. Hedge funds and other institutional investors own 92.05% of the company’s stock.

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About Layne Christensen

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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