Press coverage about Kayne Anderson Energy Development (NYSE:KED) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog 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. Kayne Anderson Energy Development earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 46.188515401649 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research analysts have weighed in on KED shares. Stifel Nicolaus set a $23.00 price objective on Kayne Anderson Energy Development and gave the company a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research cut Kayne Anderson Energy Development from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th.
Kayne Anderson Energy Development (NYSE KED) traded up 0.12% during mid-day trading on Thursday, hitting $16.65. The stock had a trading volume of 41,326 shares. Kayne Anderson Energy Development has a 1-year low of $15.71 and a 1-year high of $20.46. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $18.10.
TRADEMARK VIOLATION WARNING: This story was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/09/14/kayne-anderson-energy-development-ked-receives-news-sentiment-score-of-0-25.html.
About Kayne Anderson Energy Development
Kayne Anderson Energy Development Company is a non-diversified, closed-end fund. The Fund’s investment objective is to generate both current income and capital appreciation, through equity and debt investments. It seeks to achieve this objective by investing approximately 80% of its total assets in securities of companies that derive their revenue from activities in the energy industry, including midstream energy companies, which operates assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, crude oil or refined petroleum products; upstream energy companies, which are engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs, and other energy companies, which are engaged in owning, leasing, managing, producing, processing and selling of coal and coal reserves.
Receive News & Ratings for Kayne Anderson Energy Development Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson Energy Development Co. and related companies with MarketBeat.com's FREE daily email newsletter.