RGC Resources Inc. (NASDAQ:RGCO) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price target of $28.00 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned RGC Resources an industry rank of 108 out of 255 based on the ratings given to its competitors.

RGCO has been the subject of a number of research reports. Zacks Investment Research upgraded shares of RGC Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Janney Montgomery Scott downgraded shares of RGC Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of RGC Resources by 25.0% during the 2nd quarter. BlackRock Inc. now owns 353,698 shares of the energy company’s stock worth $10,321,000 after purchasing an additional 70,846 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of RGC Resources by 37.7% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 128,228 shares of the energy company’s stock worth $3,742,000 after purchasing an additional 35,125 shares during the last quarter. Palladium Partners LLC raised its position in shares of RGC Resources by 104.0% during the 2nd quarter. Palladium Partners LLC now owns 31,650 shares of the energy company’s stock worth $924,000 after purchasing an additional 16,134 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of RGC Resources by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 96,010 shares of the energy company’s stock worth $2,439,000 after purchasing an additional 12,359 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of RGC Resources during the 1st quarter worth approximately $249,000.

Shares of RGCO stock traded up $0.58 during midday trading on Friday, reaching $27.15. 6 shares of the company traded hands, compared to its average volume of 7,106. RGC Resources has a 1-year low of $22.16 and a 1-year high of $31.57. The company has a current ratio of 0.54, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. The company has a market cap of $209.65 million, a price-to-earnings ratio of 31.57 and a beta of -0.11.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Friday, August 3rd. The energy company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. RGC Resources had a net margin of 10.30% and a return on equity of 9.31%. The company had revenue of $11.89 million during the quarter, compared to the consensus estimate of $12.25 million. sell-side analysts forecast that RGC Resources will post 0.91 earnings per share for the current fiscal year.

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 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.

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