Westport Fuel Systems (WPRT) Getting Somewhat Favorable Press Coverage, Study Finds

Media coverage about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) has trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westport Fuel Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 46.1600140292481 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Westport Fuel Systems (NASDAQ WPRT) opened at $3.00 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.13. Westport Fuel Systems has a 1-year low of $0.82 and a 1-year high of $4.09.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.03. The business had revenue of $60.80 million during the quarter, compared to analysts’ expectations of $51.91 million. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. analysts anticipate that Westport Fuel Systems will post -0.49 earnings per share for the current fiscal year.

Several research firms recently issued reports on WPRT. Zacks Investment Research cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Lake Street Capital increased their target price on Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a research report on Thursday, October 5th. ValuEngine cut Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Oppenheimer increased their target price on Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $3.38.

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Westport Fuel Systems Company Profile

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

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