Penn National Gaming, Inc PENN Stock Price Today, Quote, Latest Discussions, Interactive Chart and News

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A new sports betting partnership should breathe new life into this entertainment company. Penn Entertainment operates in a highly regulated business, which creates some interesting nuances in its casinos’ operating results. The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. PENN’s beta can be found in Trading Information at the top of this page.

  • Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account.
  • Last year, interactive revenue, which includes sports betting, only made up about 10% of the company’s total revenue.
  • PENN Entertainment announced that its board has initiated a stock repurchase program on Thursday, February 3rd 2022, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor.
  • But, as more and more states legalize sports betting, strengthening its presence in this market could be a very smart idea.

Penn operates casinos and hotels, and these businesses actually generate most of the company’s revenue. But, as more and more states legalize sports betting, strengthening its presence in this market could be a very smart idea. So, is Penn, down 30% this year, a buy considering its recent decisions and prospects down the road? Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Penn National Gaming (PENN) Gets a Hold from Truist Financial

View analysts price targets for PENN or view top-rated stocks among Wall Street analysts. JSI and Jiko Bank are not affiliated with paxforex forex broker review Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice.

  • JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries.
  • The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction.
  • The company has grown earnings in recent years, and at the same time, the share price has declined.
  • This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered.
  • All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.

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provide context on the strength and durability of PENN’s
competitive advantage.

PENN Company Calendar

No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Penn Entertainment’s origins date back to its 1972 racetrack opening in Pennsylvania. The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets.

PENN Entertainment MarketRank™ Forecast

The consensus among Wall Street equities research analysts is that investors should “hold” PENN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PENN, but not buy additional shares or sell existing shares. 18 brokerages have issued twelve-month target prices for PENN Entertainment’s stock. Their PENN share price forecasts range from $24.00 to $54.00. On average, they anticipate the company’s stock price to reach $35.95 in the next year. This suggests a possible upside of 78.8% from the stock’s current price.

About PENN Entertainment, Inc.

The company completed the deal earlier this year, spending a total of more than $550 million on the acquisition. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. Style is an investment factor that has a meaningful impact on investment iq option forex broker review risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Additionally, Penn’s media assets, theScore and ESPN (starting with its partnership launch in Fall of 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. 18 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for PENN Entertainment in the last twelve months. There are currently 10 hold ratings and 8 buy ratings for the stock.

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.

Jay Snowden has an approval rating of 87% among the company’s employees. Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Penn Virginia Corp. is an independent oil and gas company, which engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas. It focuses on its Eagle Ford Shale project located in South Texas. The company was founded in 1882 and is headquartered in Houston, TX. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Markets

Analysts typically rate each stock once per quarter or whenever the company has a major update. In the last 3 months, 9 analysts have offered 12-month price targets for PENN Entertainment. The company has an average price target of $33.67 with a high of $44.00 and a low of $25.00. PENN Entertainment announced forex.com fx broker review that its board has initiated a stock repurchase program on Thursday, February 3rd 2022, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.8% of its shares through open market purchases.

This current average has increased by 2.56% from the previous average price target of $32.83. Sign-up to receive the latest news and ratings for PENN Entertainment and its competitors with MarketBeat’s FREE daily newsletter. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. While it looks as though the major indexes will end up down on the week, their first in the last three, there remain some unusually active options that allow you to buy these stocks for only $150 down…. Provides a general description of the business conducted by this company. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart.

The U.S. online sports betting market, expanding at a compound annual growth rate of about 17%, is expected to reach more than $14 billion in 2027, according to Statista. And these platforms may attract more than 49 million users, up from 6.9 million users in 2019, the data show. Last year, interactive revenue, which includes sports betting, only made up about 10% of the company’s total revenue. But this figure could move higher if online sports betting grows as forecast this decade.

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