Janney Montgomery Scott initiated coverage on shares of RGC Resources (NASDAQ:RGCO) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $29.00 price target on the energy company’s stock. Janney Montgomery Scott’s price target indicates a potential upside of 2.87% from the stock’s previous close.
RGC Resources (NASDAQ RGCO) traded up $0.05 during trading on Wednesday, reaching $28.19. 2,656 shares of the company’s stock traded hands, compared to its average volume of 15,492. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 1.09. The firm has a market capitalization of $204.38, a price-to-earnings ratio of 33.85 and a beta of 0.08. RGC Resources has a 12-month low of $16.53 and a 12-month high of $31.99.
RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Wednesday, November 15th. The energy company reported $0.02 earnings per share (EPS) for the quarter. RGC Resources had a net margin of 10.01% and a return on equity of 10.52%. The firm had revenue of $10.17 million for the quarter.
ILLEGAL ACTIVITY NOTICE: “RGC Resources (RGCO) Coverage Initiated at Janney Montgomery Scott” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/20/rgc-resources-rgco-coverage-initiated-at-janney-montgomery-scott.html.
RGC Resources Company Profile
RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.
Receive News & Ratings for RGC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RGC Resources and related companies with MarketBeat.com's FREE daily email newsletter.