Resolute Forest Products (RFP) Earning Somewhat Positive Media Coverage, Study Shows
Press coverage about Resolute Forest Products (NYSE:RFP) (TSE:RFP) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Resolute Forest Products earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.2207278135908 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- CO2 Solutions Provides Update on Saint-Félicien Pulp Mill and Greenhouse Carbon Capture Project – Markets Insider (markets.businessinsider.com)
- CO2 Solutions Provides Update On Saint-Felicien Pulp Mill And Greenhouse Carbon Capture Project (thestreet.com)
- CO2 Solutions Provides Update on Saint-Félicien Pulp Mill and Greenhouse … (newswire.ca)
- CO2 Solutions Provides Update on Saint-F’licien Pulp Mill and Greenhouse Carbon Capture Project (broadwayworld.com)
Resolute Forest Products (NYSE:RFP) traded up 3.06% during midday trading on Friday, reaching $5.05. The company’s stock had a trading volume of 182,498 shares. Resolute Forest Products has a 1-year low of $3.70 and a 1-year high of $6.75. The firm’s market capitalization is $453.24 million. The stock’s 50-day moving average price is $4.83 and its 200 day moving average price is $4.82.
Resolute Forest Products (NYSE:RFP) (TSE:RFP) last released its earnings results on Thursday, August 3rd. The basic materials company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.19). Resolute Forest Products had a negative return on equity of 0.98% and a negative net margin of 4.33%. The company had revenue of $858.00 million for the quarter. During the same period last year, the firm earned $0.07 earnings per share. Equities analysts anticipate that Resolute Forest Products will post ($0.09) EPS for the current fiscal year.
Several analysts have recently issued reports on the company. CIBC raised Resolute Forest Products from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. BidaskClub raised Resolute Forest Products from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.67.
About Resolute Forest Products
Resolute Forest Products Inc operates in the forest products industry. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. As of December 31, 2016, it owned or operated over 40 pulp, paper, tissue and wood products facilities in the United States and Canada.
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