News stories about Dominion Cove Point LNG (NYSE:DM) have trended positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dominion Cove Point LNG earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 45.8029037674902 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently issued reports on DM shares. Morgan Stanley decreased their price objective on shares of Dominion Cove Point LNG from $32.00 to $31.00 and set an “underweight” rating for the company in a report on Friday, March 16th. UBS reaffirmed a “buy” rating and set a $36.00 price objective (down from $39.00) on shares of Dominion Cove Point LNG in a report on Friday, March 2nd. JPMorgan Chase decreased their price objective on shares of Dominion Cove Point LNG from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Dominion Cove Point LNG from a “strong-buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Wells Fargo upped their price objective on shares of Dominion Cove Point LNG from $31.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Dominion Cove Point LNG has a consensus rating of “Hold” and an average target price of $28.75.
Shares of Dominion Cove Point LNG stock opened at $14.95 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. Dominion Cove Point LNG has a fifty-two week low of $14.65 and a fifty-two week high of $34.85. The firm has a market capitalization of $1,493.97, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.67 and a beta of 1.94.
Dominion Cove Point LNG (NYSE:DM) last issued its quarterly earnings results on Monday, January 29th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Dominion Cove Point LNG had a net margin of 25.34% and a return on equity of 2.07%. The company had revenue of $121.30 million during the quarter, compared to the consensus estimate of $109.15 million. During the same period last year, the company earned $0.38 earnings per share. Dominion Cove Point LNG’s revenue for the quarter was down 31.7% on a year-over-year basis. equities research analysts expect that Dominion Cove Point LNG will post 1.6 earnings per share for the current fiscal year.
In other Dominion Cove Point LNG news, major shareholder Grid Plc National sold 6,783,373 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $25.26, for a total value of $171,348,001.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.17% of the stock is owned by corporate insiders.
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About Dominion Cove Point LNG
Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.
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