Northwest Natural Gas Hits New 52-Week High at $46.20 (NWN)
Northwest Natural Gas (NYSE:NWN) shares hit a new 52-week high on Friday , Stock Ratings Network reports. The stock traded as high as $46.20 and last traded at $46.07, with a volume of 88,867 shares traded. The stock had previously closed at $46.11.
Separately, analysts at McAdams Wright Ragen downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, June 10th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call.
The stock has a 50-day moving average of $44.7 and a 200-day moving average of $43.19. The company has a market cap of $1.253 billion and a P/E ratio of 20.54.
Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings data 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. On average, analysts predict that Northwest Natural Gas will post $2.25 earnings per share for the current fiscal year.
Northwest Natural Gas Company (NYSE:NWN) is a supplier of gas service.
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