Gas Natural (EGAS) Announces Quarterly Dividend of $0.05
Gas Natural (NASDAQ:EGAS) declared a quarterly dividend on Friday, August 29th, Analyst Ratings Net reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.045 per share on Tuesday, September 30th. This represents a $0.18 dividend on an annualized basis and a yield of 1.60%.
On a related note, 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 (NASDAQ:EGAS) traded up 0.27% during mid-day trading on Friday, hitting $11.31. The stock had a trading volume of 15,085 shares. Gas Natural has a 1-year low of $7.49 and a 1-year high of $13.17. The stock’s 50-day moving average is $11.67 and its 200-day moving average is $10.6. The company has a market cap of $118.6 million and a price-to-earnings ratio of 20.14.
Gas Natural (NASDAQ:EGAS) last released its earnings data on Thursday, August 14th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.07. The company had revenue of $20.78 million for the quarter, compared to the consensus estimate of $24.74 million. Analysts expect that Gas Natural will post $0.55 earnings per share for the current fiscal year.
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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