Favorable News Coverage Somewhat Unlikely to Impact Dynegy (DYN) Stock Price
Media headlines about Dynegy (NYSE:DYN) have been trending positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dynegy earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.9988812841606 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Hot Stock’s Alert: Dynegy Inc., (NYSE: DYN) – Stock Watch (stocksnewstimes.com)
- Freeport McMoran, Dynegy both cut to Sell at Deutsche Bank – Seeking Alpha (seekingalpha.com)
- ETFs with exposure to Dynegy, Inc. : October 17, 2017 (finance.yahoo.com)
- Head to Head Contrast: Dynegy (DYN) and Vistra Energy Corp. (VST) (americanbankingnews.com)
- Coal plant closures are coming to Texas. Now what? (eenews.net)
DYN has been the subject of a number of recent research reports. BidaskClub upgraded Dynegy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Barclays PLC reiterated a “buy” rating and set a $13.00 price objective on shares of Dynegy in a research note on Tuesday, July 25th. Deutsche Bank AG lowered their price objective on Dynegy from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Monday, August 7th. Guggenheim reiterated a “buy” rating and set a $18.00 price objective (up previously from $14.00) on shares of Dynegy in a research note on Monday, August 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 price objective on shares of Dynegy in a research note on Monday, September 4th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.00.
Dynegy (DYN) traded down 3.77% during mid-day trading on Tuesday, hitting $9.44. The company’s stock had a trading volume of 4,690,917 shares. The firm’s 50-day moving average is $9.45 and its 200-day moving average is $8.33. Dynegy has a 12-month low of $5.84 and a 12-month high of $13.59. The company’s market cap is $1.24 billion.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.61). Dynegy had a negative net margin of 2.72% and a negative return on equity of 12.97%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $972.27 million. Analysts predict that Dynegy will post ($0.69) EPS for the current fiscal year.
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Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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