Media stories about Babcock (NYSE:BW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Babcock earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.6360433872917 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Babcock (NYSE BW) traded up 18.18% during mid-day trading on Friday, hitting $2.21. 7,682,412 shares of the stock traded hands. Babcock has a 52 week low of $1.61 and a 52 week high of $17.72. The stock has a 50-day moving average of $7.77 and a 200-day moving average of $10.24. The company’s market cap is $107.85 million.

Babcock (NYSE:BW) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported ($2.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $2.68. The company had revenue of $349.80 million during the quarter, compared to analyst estimates of $434.34 million. Babcock had a negative net margin of 14.41% and a negative return on equity of 35.95%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) EPS. Analysts anticipate that Babcock will post ($2.46) EPS for the current year.

Several research analysts have weighed in on BW shares. Credit Suisse Group cut their price target on Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a report on Friday, August 11th. BidaskClub downgraded Babcock from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and cut their price target for the company from $13.00 to $3.00 in a report on Monday, August 14th. Zacks Investment Research upgraded Babcock from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Sidoti cut their price target on Babcock from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Babcock presently has a consensus rating of “Hold” and an average price target of $7.18.

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About Babcock

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

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