Northwest Natural Gas Hits New 52-Week High at $47.29 (NWN)
Northwest Natural Gas (NYSE:NWN)’s share price hit a new 52-week high on Monday , American Banking & Market News reports. The company traded as high as $47.29 and last traded at $47.23, with a volume of 31,738 shares. The stock had previously closed at $47.03.
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’s 50-day moving average is $45.27 and its 200-day moving average is $43.4. The company has a market cap of $1.280 billion and a price-to-earnings ratio of 20.95.
Northwest Natural Gas (NYSE:NWN) last released its earnings data on Friday, May 2nd. The company reported $1.40 earnings per share (EPS) for the quarter, missing the 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 previous 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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