RGC Resources (NASDAQ:RGCO – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
RGC Resources Stock Up 6.2 %
Shares of RGCO stock traded up $1.32 during trading on Friday, reaching $22.67. The company’s stock had a trading volume of 11,698 shares, compared to its average volume of 14,502. RGC Resources has a 1-year low of $15.36 and a 1-year high of $23.70. The stock’s 50-day moving average price is $20.87 and its 200 day moving average price is $20.55. The company has a market capitalization of $230.80 million, a price-to-earnings ratio of 17.44 and a beta of 0.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.07 and a quick ratio of 0.69.
RGC Resources (NASDAQ:RGCO – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). RGC Resources had a return on equity of 11.93% and a net margin of 15.04%. The business had revenue of $14.46 million during the quarter, compared to analyst estimates of $14.00 million. During the same quarter last year, the firm earned $0.07 EPS. On average, research analysts anticipate that RGC Resources will post 1.14 EPS for the current year.
Institutional Investors Weigh In On RGC Resources
RGC Resources Company Profile
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.
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