Somewhat Positive News Coverage Somewhat Unlikely to Impact Westcore Energy (WTR) Share Price
Headlines about Westcore Energy (NYSE:WTR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Westcore Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.8968707274 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities research analysts recently issued reports on the company. BidaskClub upgraded Westcore Energy from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Boenning Scattergood reiterated an “outperform” rating on shares of Westcore Energy in a report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Westcore Energy in a report on Wednesday, November 1st. Zacks Investment Research downgraded Westcore Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company upgraded Westcore Energy from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Westcore Energy currently has a consensus rating of “Buy” and a consensus target price of C$38.20.
Shares of Westcore Energy (NYSE WTR) opened at C$35.98 on Friday. Westcore Energy has a 1-year low of C$28.57 and a 1-year high of C$36.62.
Westcore Energy (NYSE:WTR) last released its earnings results on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.43. Westcore Energy had a return on equity of 15.95% and a net margin of 35.45%. The firm had revenue of C$215.01 million during the quarter, compared to analysts’ expectations of C$234.40 million. During the same period in the previous year, the firm posted $0.41 EPS. Westcore Energy’s revenue for the quarter was down 5.1% on a year-over-year basis.
The business also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.2047 per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.3%.
In related news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of C$34.46, for a total transaction of C$430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately C$2,777,613.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 75,500 shares of company stock valued at $11,325 over the last three months.
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About Westcore Energy
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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