AGL Resources PT Raised to $53.00 (GAS)
Investment analysts at Barclays increased their price objective on shares of AGL Resources (NYSE:GAS) from $52.00 to $53.00 in a note issued to investors on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target points to a potential upside of 2.69% from the company’s current price.
AGL Resources (NYSE:GAS) traded down 0.06% during mid-day trading on Thursday, hitting $51.61. 539,313 shares of the company’s stock traded hands. AGL Resources has a 52-week low of $42.86 and a 52-week high of $55.30. The stock’s 50-day moving average is $53.98 and its 200-day moving average is $50.77. The company has a market cap of $6.166 billion and a P/E ratio of 13.22.
AGL Resources (NYSE:GAS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. The company had revenue of $902.00 million for the quarter, compared to the consensus estimate of $848.07 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that AGL Resources will post $4.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Friday, August 15th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, August 13th.
AGL Resources Inc (NYSE:GAS) is an energy services holding company whose principal business is the distribution of natural gas.
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