Somewhat Favorable News Coverage Somewhat Unlikely to Impact Penn National Gaming (PENN) Share Price

News stories about Penn National Gaming (NASDAQ:PENN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penn National Gaming earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.4066066951248 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

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Shares of PENN opened at $26.28 on Friday. Penn National Gaming has a fifty-two week low of $17.56 and a fifty-two week high of $33.30. The company has a market capitalization of $2,384.50, a PE ratio of 2.93 and a beta of 1.44. The company has a debt-to-equity ratio of -64.22, a current ratio of 0.76 and a quick ratio of 0.76.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($3.40) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($3.58). Penn National Gaming had a negative return on equity of 27.80% and a net margin of 15.97%. The business had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $766.82 million. During the same period in the previous year, the company posted $0.05 EPS. Penn National Gaming’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts expect that Penn National Gaming will post 1.48 EPS for the current year.

Several research firms have issued reports on PENN. TheStreet cut shares of Penn National Gaming from a “b-” rating to a “c” rating in a research report on Wednesday, March 21st. BidaskClub raised shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Telsey Advisory Group assumed coverage on shares of Penn National Gaming in a research report on Tuesday, March 13th. They issued an “outperform” rating and a $33.00 price target for the company. Deutsche Bank lowered their price target on shares of Penn National Gaming from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Morgan Stanley lowered their price target on shares of Penn National Gaming from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Penn National Gaming currently has a consensus rating of “Buy” and an average price target of $31.30.

In other news, Director Jane Scaccetti acquired 2,500 shares of Penn National Gaming stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $27.51 per share, for a total transaction of $68,775.00. Following the purchase, the director now directly owns 14,831 shares in the company, valued at approximately $408,000.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay A. Snowden acquired 10,560 shares of Penn National Gaming stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $25.98 per share, with a total value of $274,348.80. Following the purchase, the insider now owns 72,567 shares in the company, valued at $1,885,290.66. The disclosure for this purchase can be found here. Insiders own 10.17% of the company’s stock.

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Penn National Gaming Company Profile

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

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