Somewhat Positive Press Coverage Somewhat Unlikely to Affect Arc Logistic Partners (ARCX) Share Price
Media stories about Arc Logistic Partners (NYSE:ARCX) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing 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 closest to one being the most favorable. Arc Logistic Partners earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 45.0428857074402 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation of Arc Logistics Partners LP Buyout – Business Wire (press release) (businesswire.com)
- Arc Logistics Partners LP (ARCX) registers a price change of -0.30% while Alarm.Com Holdings, Inc. (ALRM) finishes … – Stocks Gallery (stocksgallery.com)
- Stock Alert: Arc Logistics Partners LP (NYSE:ARCX) – Market Breaking Point (press release) (journalfinance.net)
- The Law Offices of Vincent Wong Notifies Investors of an Investigation of Arc Logistics Partners LP in Connection … – Business Wire (press release) (businesswire.com)
- SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Arc Logistics Partners LP Buyout (thestreet.com)
Shares of Arc Logistic Partners (NYSE:ARCX) traded up 0.30% during midday trading on Friday, reaching $16.70. The company had a trading volume of 229,061 shares. The firm has a market capitalization of $326.40 million, a price-to-earnings ratio of 27.47 and a beta of 0.81. Arc Logistic Partners has a 12-month low of $12.86 and a 12-month high of $17.40. The company has a 50 day moving average of $15.45 and a 200 day moving average of $14.82.
Arc Logistic Partners (NYSE:ARCX) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $26.59 million during the quarter, compared to analysts’ expectations of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. Analysts anticipate that Arc Logistic Partners will post $0.68 EPS for the current year.
A number of equities research analysts recently issued reports on ARCX shares. ValuEngine cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. cut Arc Logistic Partners from a “buy” rating to a “hold” rating and boosted their price objective for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th. Zacks Investment Research upgraded Arc Logistic Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus cut Arc Logistic Partners from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $16.50 in a research note on Wednesday, August 30th. Finally, BidaskClub cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.00.
About Arc Logistic Partners
Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.
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