Arc Logistic Partners (ARCX) Earning Somewhat Positive Press Coverage, Report Finds
Media stories about Arc Logistic Partners (NYSE:ARCX) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arc Logistic Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 45.5726332589065 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Arc Logistic Partners LP (ARCX) Upgraded to Buy by BidaskClub (americanbankingnews.com)
- Taking a Deep Dive into Technical Levels for Arc Logistics Partners LP (ARCX) – Evergreen Caller (evergreencaller.com)
- Arc Logistic Partners LP Common (NYSE:ARCX) Experiences Heavier than Usual Trading Volume (highlightpress.com)
- Arc Logistics, Zenith Energy Merger Moves a Step Closer – Nasdaq (nasdaq.com)
- Arc Logistic Partners LP (ARCX) Downgraded by Stifel Nicolaus (americanbankingnews.com)
ARCX has been the topic of several research analyst reports. Zacks Investment Research lowered Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. ValuEngine lowered Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus raised Arc Logistic Partners from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $18.00 in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. lowered Arc Logistic Partners from a “buy” rating to a “hold” rating and upped their target price for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.
Arc Logistic Partners (NYSE ARCX) traded down 0.48% during midday trading on Wednesday, reaching $16.57. The company had a trading volume of 204,538 shares. Arc Logistic Partners has a 52-week low of $12.86 and a 52-week high of $17.40. The company’s 50 day moving average is $15.12 and its 200-day moving average is $14.73. The company has a market capitalization of $323.86 million, a P/E ratio of 27.25 and a beta of 0.81.
Arc Logistic Partners (NYSE:ARCX) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. Equities analysts expect that Arc Logistic Partners will post $0.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were given a $0.44 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.76 annualized dividend and a yield of 10.62%. Arc Logistic Partners’s dividend payout ratio (DPR) is 247.89%.
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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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