Gas Natural’s (AMEX:EGAS) Underperform Rating Reiterated at FBR & Co
Gas Natural Inc (AMEX:EGAS)‘s stock had its “underperform” rating restated by equities researchers at FBR & Co in a report released on Tuesday.
Separately, ValuEngine raised Gas Natural from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Shares of Gas Natural (AMEX EGAS) opened at 12.925 on Tuesday. Gas Natural has a 52 week low of $6.98 and a 52 week high of $12.98. The firm’s 50-day moving average price is $12.73 and its 200-day moving average price is $12.65. The firm has a market cap of $135.96 million and a price-to-earnings ratio of 116.441.
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A hedge fund recently raised its stake in Gas Natural stock. Renaissance Technologies LLC boosted its stake in shares of Gas Natural Inc (AMEX:EGAS) by 11.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 344,000 shares of the utilities provider’s stock after buying an additional 36,200 shares during the period. Renaissance Technologies LLC owned approximately 3.27% of Gas Natural worth $4,317,000 at the end of the most recent quarter.
About Gas Natural
Gas Natural Inc is a natural gas company. The Company operates through three segments: Natural Gas; Marketing and Production, and Corporate and Other. The Natural Gas segment annually distributes approximately 20 billion cubic feet of natural gas to its customers through regulated utilities operating in Maine, Montana, North Carolina and Ohio.
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