Gas Natural (EGAS) Posts Quarterly Earnings Results
Gas Natural (NASDAQ:EGAS) posted its quarterly earnings results on Thursday. The company reported $0.48 EPS for the quarter, Analyst Ratings Net reports. The company had revenue of $60.00 million for the quarter, compared to the consensus estimate of $39.90 million.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Gas Natural from a “hold” rating to a “buy” rating in a research note on Monday, April 21st. 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.75.
Gas Natural (NASDAQ:EGAS) traded down 2.71% during mid-day trading on Thursday, hitting $10.40. The stock had a trading volume of 143,158 shares. Gas Natural has a 1-year low of $7.49 and a 1-year high of $11.35. The stock’s 50-day moving average is $10.54 and its 200-day moving average is $9.57. The company has a market cap of $108.7 million and a price-to-earnings ratio of 15.06.
The company also recently announced a may 14 dividend, which is scheduled for Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.045 per share. This represents a dividend yield of 4.91%. The ex-dividend date is Tuesday, May 13th.
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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