Somewhat Favorable News Coverage Somewhat Unlikely to Impact StoneMor Partners (STON) Stock Price

News stories about StoneMor Partners (NYSE:STON) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. StoneMor Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.3462636006643 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

STON stock traded up $0.16 during mid-day trading on Thursday, hitting $6.04. 84,516 shares of the company were exchanged, compared to its average volume of 172,388. The company has a debt-to-equity ratio of 2.24, a quick ratio of 2.23 and a current ratio of 2.23. StoneMor Partners has a 1-year low of $4.61 and a 1-year high of $10.15.

StoneMor Partners (NYSE:STON) last released its quarterly earnings results on Friday, January 26th. The company reported ($0.25) earnings per share for the quarter. StoneMor Partners had a negative net margin of 10.42% and a negative return on equity of 22.16%. The business had revenue of $84.03 million during the quarter. During the same period last year, the firm posted ($0.28) EPS. equities analysts anticipate that StoneMor Partners will post -0.89 EPS for the current year.

Several brokerages recently commented on STON. B. Riley dropped their price objective on StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Zacks Investment Research raised StoneMor Partners from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. StoneMor Partners presently has an average rating of “Hold” and an average price target of $7.00.

In related news, major shareholder Value Equity Holdings Oaktree bought 60,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $5.12 per share, with a total value of $307,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Value Equity Fund Gp L. Oaktree bought 100,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $5.40 per share, for a total transaction of $540,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 573,625 shares of company stock valued at $3,258,481. Company insiders own 9.80% of the company’s stock.

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StoneMor Partners Company Profile

StoneMor Partners L.P., together with its subsidiaries, owns and operates cemeteries and funeral homes in the United States. It operates through two segments, Cemetery Operations and Funeral Home Operations. The company's cemetery products and services include interment rights, such as burial lots, lawn crypts, mausoleum crypts, cremation niches, and perpetual care rights; merchandise comprising burial vaults, caskets, grave markers and grave marker bases, and memorials; and installation services for burial vaults, caskets, and other cemetery merchandise, as well as other service items.

Insider Buying and Selling by Quarter for StoneMor Partners (NYSE:STON)

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