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Northwest Natural Gas Co. (NYSE:NWN) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.15-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.24, AnalystRatings.Net reports.

On a related note, 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.

Shares of Northwest Natural Gas Co. (NYSE:NWN) traded down 1.34% during mid-day trading on Tuesday, hitting $42.78. The stock had a trading volume of 6,987 shares. Northwest Natural Gas Co. has a 52 week low of $39.96 and a 52 week high of $47.50. The stock’s 50-day moving average is $45.89 and its 200-day moving average is $44.00. The company has a market cap of $1.161 billion and a P/E ratio of 19.31.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.05. The company had revenue of $133.17 million for the quarter, compared to the consensus estimate of $104.88 million. During the same quarter last year, the company posted $0.08 earnings per share. Northwest Natural Gas’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Northwest Natural Gas Co. will post $2.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, July 29th.

Northwest Natural Gas Company (NYSE:NWN) is a supplier of gas service.

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