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Gas Natural (NASDAQ:EGAS) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, StockRatingsNetwork reports.

The analysts wrote, “Gas Natural (AMEX:EGAS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.”

Shares of Gas Natural (NASDAQ:EGAS) traded up 4.18% on Monday, hitting $10.96. 747,847 shares of the company’s stock traded hands. Gas Natural has a 52-week low of $7.49 and a 52-week high of $11.06. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $9.49. The company has a market cap of $114.5 million and a P/E ratio of 14.82.

Gas Natural (NASDAQ:EGAS) last released its earnings data on Monday, March 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.08. Analysts expect that Gas Natural will post $0.70 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Friday, April 11th.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Gas Natural from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $11.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Gas Natural from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 13th. Finally, analysts at Wunderlich initiated coverage on shares of Gas Natural in a research note on Friday, January 31st. They set a “hold” rating and a $10.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Gas Natural has an average rating of “Hold” and an average target price of $10.75.

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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