Media headlines about Global Water Resources (NASDAQ:GWRS) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Water Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.6248093724831 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Separately, Zacks Investment Research upgraded shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, December 20th.
Shares of Global Water Resources (GWRS) opened at $8.79 on Monday. Global Water Resources has a 12-month low of $8.00 and a 12-month high of $10.00. The company has a market cap of $172.56 and a price-to-earnings ratio of 97.67. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.21 and a quick ratio of 1.21.
Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Global Water Resources had a net margin of 5.19% and a return on equity of 11.33%. equities analysts forecast that Global Water Resources will post 0.09 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a $0.0236 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.28 annualized dividend and a yield of 3.23%. Global Water Resources’s dividend payout ratio (DPR) is 311.11%.
In other news, Director William S. Levine acquired 2,826,615 shares of the company’s stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $9.29 per share, with a total value of $26,259,253.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Trevor T. Hill sold 3,206 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $9.76, for a total transaction of $31,290.56. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,829,598 shares of company stock valued at $26,286,789 and sold 8,193 shares valued at $80,116. 49.20% of the stock is owned by corporate insiders.
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About Global Water Resources
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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