Media headlines about MagneGas (NASDAQ:MNGA) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing 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. MagneGas earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 47.7474772851789 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of MagneGas in a research report on Wednesday, August 15th.

Shares of MNGA remained flat at $$0.22 during midday trading on Friday. 978,765 shares of the stock were exchanged, compared to its average volume of 1,473,326. MagneGas has a 52 week low of $0.21 and a 52 week high of $11.40. The company has a quick ratio of 0.79, a current ratio of 1.36 and a debt-to-equity ratio of 0.06.

MagneGas (NASDAQ:MNGA) last announced its quarterly earnings data on Tuesday, August 14th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). MagneGas had a negative net margin of 226.28% and a negative return on equity of 115.89%. The firm had revenue of $2.91 million during the quarter, compared to the consensus estimate of $1.93 million. research analysts forecast that MagneGas will post -0.83 earnings per share for the current fiscal year.

About MagneGas

MagneGas Corporation, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. It offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene. The company also provides Plasma Arc Flow refineries, which are machines that produce MagneGas2.

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