StockNews.com cut shares of RGC Resources (NASDAQ:RGCO – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.
RGC Resources Stock Performance
Shares of NASDAQ:RGCO opened at $22.22 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.69 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $227.09 million, a P/E ratio of 17.80 and a beta of 0.17. The business has a 50-day moving average price of $20.97 and a two-hundred day moving average price of $20.75. RGC Resources has a 1-year low of $15.68 and a 1-year high of $24.20.
RGC Resources Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, October 18th. RGC Resources’s dividend payout ratio (DPR) is presently 64.00%.
Hedge Funds Weigh In On RGC Resources
About RGC Resources
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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