Zacks: RGC Resources Inc. (NASDAQ:RGCO) Given $30.00 Average Price Target by Analysts
Shares of RGC Resources Inc. (NASDAQ:RGCO) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 12 month consensus price objective of $30.00 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given RGC Resources an industry rank of 185 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of RGC Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
RGCO stock traded up $0.15 on Tuesday, reaching $28.62. 1,956 shares of the company were exchanged, compared to its average volume of 7,170. RGC Resources has a 12 month low of $25.63 and a 12 month high of $31.00. The stock’s fifty day moving average price is $28.73 and its 200 day moving average price is $27.88. The firm has a market capitalization of $230.82 million, a PE ratio of 30.13 and a beta of -0.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.34.
RGC Resources (NASDAQ:RGCO) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. RGC Resources had a net margin of 13.10% and a return on equity of 10.81%. The business had revenue of $11.68 million for the quarter, compared to analyst estimates of $12.55 million. As a group, research analysts expect that RGC Resources will post 1.06 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, October 11th. This is an increase from RGC Resources’s previous dividend of $0.16.
About RGC Resources
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 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.
Recommended Story: What is basic economics?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RGC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RGC Resources and related companies with MarketBeat.com's FREE daily email newsletter.