Zacks: RGC Resources Inc. (RGCO) Given Consensus Recommendation of “Hold” by Brokerages
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.
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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