Northwest Natural Gas Downgraded by McAdams Wright Ragen to Hold (NWN)
Northwest Natural Gas (NYSE:NWN) was downgraded by analysts at McAdams Wright Ragen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $45.00 price objective on the stock. McAdams Wright Ragen’s price objective points to a potential downside of 2.11% from the stock’s previous close. The analysts noted that the move was a valuation call.
Separately, analysts at TheStreet upgraded shares of Northwest Natural Gas from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.
Shares of Northwest Natural Gas (NYSE:NWN) traded down 1.17% during mid-day trading on Tuesday, hitting $45.43. The stock had a trading volume of 60,534 shares. Northwest Natural Gas has a 52 week low of $39.96 and a 52 week high of $46.19. The stock has a 50-day moving average of $44.53 and a 200-day moving average of $43.00. The company has a market cap of $1.233 billion and a P/E ratio of 20.48.
Northwest Natural Gas (NYSE:NWN) last announced its earnings results on Friday, May 2nd. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.45 by $0.05. The company had revenue of $293.39 million for the quarter, compared to the consensus estimate of $211.51 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. Analysts expect that Northwest Natural Gas will post $2.25 EPS for the current fiscal year.
Northwest Natural Gas Company (NYSE:NWN) is a supplier of gas service.
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