Shares of Layne Christensen (NASDAQ:LAYN) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus target price of $11.00 for the company and are forecasting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned Layne Christensen an industry rank of 111 out of 265 based on the ratings given to its competitors.

A number of analysts recently commented on the company. Zacks Investment Research lowered Layne Christensen from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. ValuEngine lowered Layne Christensen from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, BidaskClub raised Layne Christensen from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th.

Layne Christensen (LAYN) traded up $0.01 during trading hours on Friday, hitting $12.55. The stock had a trading volume of 143,594 shares, compared to its average volume of 132,244. Layne Christensen has a 52-week low of $6.98 and a 52-week high of $13.83. The stock has a market capitalization of $249.32, a price-to-earnings ratio of -3.95 and a beta of 0.61. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.32 and a current ratio of 1.47.

Layne Christensen (NASDAQ:LAYN) last announced its quarterly earnings results on Tuesday, December 5th. The construction company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Layne Christensen had a negative return on equity of 40.46% and a negative net margin of 12.73%. The business had revenue of $127.43 million during the quarter, compared to analysts’ expectations of $131.12 million. During the same period in the previous year, the business earned ($0.26) EPS. The business’s revenue was up 5.7% compared to the same quarter last year. equities research analysts forecast that Layne Christensen will post -0.51 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP lifted its stake in Layne Christensen by 2.4% in the fourth quarter. Royce & Associates LP now owns 1,987,867 shares of the construction company’s stock worth $24,948,000 after acquiring an additional 46,796 shares during the period. BlackRock Inc. lifted its stake in Layne Christensen by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,203,505 shares of the construction company’s stock worth $15,103,000 after acquiring an additional 11,127 shares during the period. Wells Fargo & Company MN lifted its position in Layne Christensen by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 170,687 shares of the construction company’s stock valued at $2,143,000 after buying an additional 12,942 shares during the period. GSA Capital Partners LLP purchased a new position in Layne Christensen during the third quarter valued at $384,000. Finally, Jane Street Group LLC purchased a new position in Layne Christensen during the third quarter valued at $162,000. 92.15% of the stock is owned by institutional investors.

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About Layne Christensen

Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.

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