Shares of RGC Resources Inc. (NASDAQ:RGCO) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. RGC Resources’ rating score has improved by 33.3% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus price target of $30.00 for the company and are predicting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RGC Resources an industry rank of 22 out of 256 based on the ratings given to related companies.
A number of research analysts recently commented on RGCO shares. Janney Montgomery Scott raised shares of RGC Resources from a “neutral” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday.
Shares of RGCO traded down $0.35 during midday trading on Monday, hitting $28.87. 232 shares of the company traded hands, compared to its average volume of 12,139. The firm has a 50 day simple moving average of $28.10. RGC Resources has a 52 week low of $24.16 and a 52 week high of $31.00. The stock has a market cap of $235.09 million, a PE ratio of 30.26 and a beta of -0.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 0.86.
RGC Resources (NASDAQ:RGCO) last released its quarterly earnings data on Monday, April 29th. The energy company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.48 by $0.10. RGC Resources had a net margin of 12.99% and a return on equity of 10.93%. The business had revenue of $25.28 million during the quarter, compared to the consensus estimate of $25.60 million. On average, equities analysts anticipate that RGC Resources will post 1.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, July 12th. RGC Resources’s dividend payout ratio (DPR) is currently 16.84%.
In related news, CEO Orazio John S. D sold 3,000 shares of the stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $27.25, for a total value of $81,750.00. Following the sale, the chief executive officer now directly owns 44,034 shares of the company’s stock, valued at approximately $1,199,926.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 188 shares of company stock worth $5,326 over the last three months. 7.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in RGC Resources by 526.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,541 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,295 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in shares of RGC Resources during the fourth quarter worth approximately $76,000. MetLife Investment Advisors LLC purchased a new position in shares of RGC Resources during the fourth quarter worth approximately $104,000. SG Americas Securities LLC purchased a new position in shares of RGC Resources during the first quarter worth approximately $153,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of RGC Resources during the fourth quarter worth approximately $218,000.
RGC Resources Company Profile
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.
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