Ciner Resources (CINR) Given Coverage Optimism Rating of 0.15
Media headlines about Ciner Resources (NYSE:CINR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ciner Resources earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.278382477441 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Ciner Resources (NYSE CINR) remained flat at $$25.50 during mid-day trading on Thursday. 6,800 shares of the company’s stock were exchanged, compared to its average volume of 24,271. The company has a current ratio of 3.48, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. Ciner Resources has a 1-year low of $22.61 and a 1-year high of $32.50. The stock has a market capitalization of $503.02, a price-to-earnings ratio of 13.42 and a beta of 0.99.
Ciner Resources (NYSE:CINR) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Ciner Resources had a net margin of 7.77% and a return on equity of 15.13%. The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $118.10 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. equities research analysts predict that Ciner Resources will post 1.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a dividend of $0.567 per share. This is an increase from Ciner Resources’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, November 3rd. This represents a $2.27 annualized dividend and a dividend yield of 8.89%. Ciner Resources’s payout ratio is presently 119.47%.
A number of equities research analysts recently commented on CINR shares. B. Riley restated a “buy” rating on shares of Ciner Resources in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Ciner Resources from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $25.00 price target (down from $29.00) on shares of Ciner Resources in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Ciner Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.00.
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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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