Ciner Resources (CINR) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Ciner Resources (NYSE:CINR) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ciner Resources earned a news impact score of 0.12 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.4162860371097 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts have recently issued reports on CINR shares. Citigroup Inc. restated a “neutral” rating and issued a $25.00 price target (down from $29.00) on shares of Ciner Resources in a research report on Thursday, August 10th. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Ciner Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, ValuEngine lowered Ciner Resources from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.75.
Ciner Resources (CINR) traded down 0.62% during midday trading on Friday, hitting $23.93. The stock had a trading volume of 15,810 shares. The stock has a 50-day moving average price of $24.60 and a 200 day moving average price of $27.19. Ciner Resources has a 12-month low of $22.61 and a 12-month high of $32.50. The firm has a market cap of $472.16 million, a P/E ratio of 12.09 and a beta of 0.99.
Ciner Resources (NYSE:CINR) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.12). Ciner Resources had a return on equity of 15.65% and a net margin of 8.18%. The company had revenue of $119.70 million for the quarter, compared to analyst estimates of $129.20 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Ciner Resources will post $1.79 earnings per share for the current fiscal year.
About Ciner Resources
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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