Ocwen Financial Corporation (OCN) Receives Daily Media Sentiment Score of -0.03

Media coverage about Ocwen Financial Corporation (NYSE:OCN) has trended somewhat negative recently, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ocwen Financial Corporation earned a media sentiment score of -0.03 on Alpha One’s scale. Alpha One also assigned news stories about the financial services provider an impact score of 77 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected AlphaOne’s rankings:

Insider Buying and Selling by Quarter for Ocwen Financial Corporation (NYSE:OCN)

Shares of Ocwen Financial Corporation (NYSE:OCN) traded down 5.02% during mid-day trading on Tuesday, hitting $2.65. The company had a trading volume of 524,709 shares. The company has a 50-day moving average price of $2.67 and a 200-day moving average price of $4.41. The company’s market capitalization is $330.14 million. Ocwen Financial Corporation has a 1-year low of $1.29 and a 1-year high of $6.15.

Ocwen Financial Corporation (NYSE:OCN) last released its earnings results on Wednesday, May 3rd. The financial services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.04. Ocwen Financial Corporation had a negative net margin of 8.79% and a negative return on equity of 5.55%. The firm had revenue of $321.90 million during the quarter, compared to analyst estimates of $302.90 million. During the same period in the previous year, the company earned ($0.90) earnings per share. Ocwen Financial Corporation’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Ocwen Financial Corporation will post ($1.11) EPS for the current year.

Several analysts recently commented on OCN shares. Zacks Investment Research raised Ocwen Financial Corporation from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Thursday, May 11th. Piper Jaffray Companies raised Ocwen Financial Corporation from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $2.00 to $3.50 in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ocwen Financial Corporation in a report on Monday, May 8th. Compass Point lowered Ocwen Financial Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Ocwen Financial Corporation in a report on Monday, April 10th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.75.

COPYRIGHT VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/2656169/ocwen-financial-corporation-ocn-receives-daily-media-sentiment-score-of-0-03.html.

In other news, major shareholder John Devaney bought 3,040,209 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were purchased at an average cost of $2.70 per share, with a total value of $8,208,564.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.17% of the stock is owned by corporate insiders.

About Ocwen Financial Corporation

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OCN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Ocwen Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocwen Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.