Argan (AGX) Earning Somewhat Favorable Press Coverage, Study Shows

Headlines about Argan (NYSE:AGX) have been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argan earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 47.1897225813435 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Argan (NYSE AGX) opened at $43.25 on Monday. Argan has a 52-week low of $41.79 and a 52-week high of $76.70. The firm has a market cap of $672.49, a P/E ratio of 7.99 and a beta of 0.86.

Separately, Lake Street Capital lowered shares of Argan from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $56.00 in a research report on Thursday, December 7th.

In other Argan news, Director John Ronald Jr. Jeffrey purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were bought at an average price of $62.49 per share, for a total transaction of $93,735.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 3,500 shares of company stock worth $209,355. 9.50% of the stock is owned by company insiders.

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About Argan

Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.

Insider Buying and Selling by Quarter for Argan (NYSE:AGX)

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