Gas Natural (EGAS) Posts Quarterly Results
Gas Natural (NASDAQ:EGAS) released its earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.07, Analyst Ratings Net reports. The company had revenue of $20.78 million for the quarter, compared to the consensus estimate of $24.74 million.
Gas Natural (NASDAQ:EGAS) traded up 0.25% on Thursday, hitting $12.02. The stock had a trading volume of 54,869 shares. Gas Natural has a one year low of $7.49 and a one year high of $13.17. The stock’s 50-day moving average is $11.46 and its 200-day moving average is $10.47. The company has a market cap of $126.1 million and a P/E ratio of 17.28.
The company also recently announced a aug 14 dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.045 per share. This represents a dividend yield of 4.43%. The ex-dividend date is Wednesday, August 13th.
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.
Gas Natural Inc is a natural gas company, primarily operating local distribution companies in six states and serving approximately 70,000 customers.
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