Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Layne Christensen (LAYN) Share Price
News coverage about Layne Christensen (NASDAQ:LAYN) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Layne Christensen earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.0749079653906 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Company to drill wells for hydraulic fracturing (houstonchronicle.com)
- The Rugged noax PCs Enable Layne Bencor to Complete Challenging Projects (streetinsider.com)
- BRIEF-Layne Christensen gets exclusive right to develop GLO non-potable water resources (reuters.com)
- Layne Christensen to drill water wells for fracking, split revenues with Texas (seekingalpha.com)
- Layne Christensen to drill water wells for oil production (chron.com)
Several equities research analysts recently weighed in on LAYN shares. ValuEngine raised Layne Christensen from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 price target (up from $9.00) on shares of Layne Christensen in a research note on Thursday, September 14th. Finally, Zacks Investment Research cut Layne Christensen from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.
Layne Christensen (NASDAQ LAYN) traded up $0.01 during midday trading on Monday, hitting $13.39. The stock had a trading volume of 22,765 shares, compared to its average volume of 72,239. Layne Christensen has a 52-week low of $6.98 and a 52-week high of $13.64. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.38 and a current ratio of 1.54.
Layne Christensen (NASDAQ:LAYN) last released its earnings results on Monday, September 11th. The construction company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. Layne Christensen had a negative return on equity of 35.55% and a negative net margin of 12.66%. The firm had revenue of $126.20 million for the quarter, compared to analysts’ expectations of $122.99 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. equities analysts anticipate that Layne Christensen will post -0.36 earnings per share for the current year.
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Layne Christensen Company Profile
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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