Share on StockTwits

Gas Natural (NASDAQ:EGAS) shares reached a new 52-week high on Tuesday , American Banking News reports. The stock traded as high as $13.04 and last traded at $13.02, with a volume of 75,594 shares trading hands. The stock had previously closed at $12.80.

EGAS has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Gas Natural from a “hold” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $13.50 price target on the stock, up previously from $11.00. Separately, analysts at Zacks downgraded shares of Gas Natural from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Gas Natural currently has an average rating of “Hold” and an average target price of $12.75.

The stock’s 50-day moving average is $10.7 and its 200-day moving average is $10.2. The company has a market cap of $138.1 million and a price-to-earnings ratio of 18.44.

Gas Natural (NASDAQ:EGAS) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $60.00 million for the quarter, compared to the consensus estimate of $39.90 million. On average, analysts predict that Gas Natural will post $0.69 earnings per share for the current fiscal year.

The company also recently announced a jul 14 dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.045 per share. This represents a dividend yield of 5.22%. The ex-dividend date is Friday, July 11th.

Gas Natural Inc is a natural gas company, primarily operating local distribution companies in six states and serving approximately 70,000 customers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.