Gas Natural Inc. (EGAS) Lowered to “Sell” at Wunderlich
Gas Natural Inc. (NYSEMKT:EGAS) was downgraded by equities researchers at Wunderlich from a “buy” rating to a “sell” rating in a research note issued on Tuesday. They presently have a $9.50 price target on the stock. Wunderlich’s price objective indicates a potential downside of 24.36% from the company’s previous close.
Shares of Gas Natural (NYSEMKT:EGAS) traded down 0.040% during trading on Tuesday, hitting $12.555. 42,718 shares of the stock were exchanged. Gas Natural has a 52 week low of $6.50 and a 52 week high of $12.85. The firm has a market capitalization of $132.02 million, a price-to-earnings ratio of 56.300 and a beta of 0.03. The stock’s 50 day moving average price is $8.05 and its 200 day moving average price is $7.42.
Gas Natural (NYSEMKT:EGAS) last posted its earnings results on Tuesday, August 9th. The company reported ($0.16) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.16). The firm had revenue of $17.03 million for the quarter, compared to the consensus estimate of $15.96 million. On average, equities analysts predict that Gas Natural will post $0.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, October 11th. This represents a $0.30 annualized dividend and a yield of 2.39%. Gas Natural’s payout ratio is currently 136.37%.
A number of large investors have recently made changes to their positions in the stock. Monarch Partners Asset Management LLC boosted its stake in shares of Gas Natural by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 27,700 shares of the company’s stock valued at $194,000 after buying an additional 5,190 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in Gas Natural by 8.9% in the second quarter. Hennessy Advisors Inc. now owns 52,229 shares of the company’s stock valued at $365,000 after buying an additional 4,290 shares in the last quarter. Teton Advisors Inc. boosted its stake in Gas Natural by 3.6% in the second quarter. Teton Advisors Inc. now owns 29,000 shares of the company’s stock valued at $203,000 after buying an additional 1,000 shares in the last quarter. Northpointe Capital LLC boosted its stake in Gas Natural by 35.1% in the second quarter. Northpointe Capital LLC now owns 245,923 shares of the company’s stock valued at $1,719,000 after buying an additional 63,917 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Gas Natural by 5.4% in the second quarter. Gamco Investors INC. ET AL now owns 19,500 shares of the company’s stock valued at $136,000 after buying an additional 1,000 shares in the last quarter.
About Gas Natural
Gas Natural Inc is a natural gas company. The Company operates through three segments: Natural Gas; Marketing and Production, and Corporate and Other. The Natural Gas segment annually distributes approximately 20 billion cubic feet of natural gas to its customers through regulated utilities operating in Maine, Montana, North Carolina and Ohio.
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