Gas Natural Coverage Initiated by Analysts at Wunderlich (EGAS)
Analysts at Wunderlich initiated coverage on shares of Gas Natural (NASDAQ:EGAS) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $10.50 price target on the stock. Wunderlich’s target price would indicate a potential upside of 10.18% from the company’s current price.
Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Gas Natural in a research note to investors on Tuesday, December 17th.
Shares of Gas Natural (NASDAQ:EGAS) traded down 3.78% on Friday, hitting $9.17. The stock had a trading volume of 60,750 shares. Gas Natural has a 52 week low of $7.49 and a 52 week high of $10.84. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $9.6. The company has a market cap of $95.8 million and a price-to-earnings ratio of 15.80.
Gas Natural (NASDAQ:EGAS) last announced its earnings results on Thursday, November 14th. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.07. The company had revenue of $12.96 million for the quarter, compared to the consensus estimate of $10.46 million. During the same quarter last year, the company posted ($0.08) earnings per share. On average, analysts predict that Gas Natural will post $0.75 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Wednesday, February 12th.
Gas Natural Inc is a natural gas company, primarily operating local distribution companies in six states and serving approximately 70,000 customers.
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