RGC Resources Inc. (NASDAQ:RGCO) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokerages have set a 1 year consensus price target of $28.00 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given RGC Resources an industry rank of 96 out of 255 based on the ratings given to related companies.
Several equities research analysts have commented on RGCO shares. Zacks Investment Research upgraded shares of RGC Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, August 10th. Janney Montgomery Scott lowered shares of RGC Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, June 7th.
Large investors have recently bought and sold shares of the business. Rhumbline Advisers purchased a new stake in RGC Resources in the 2nd quarter valued at about $206,000. Bank of America Corp DE increased its stake in shares of RGC Resources by 59.6% during the 2nd quarter. Bank of America Corp DE now owns 7,095 shares of the energy company’s stock worth $207,000 after purchasing an additional 2,650 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of RGC Resources during the 2nd quarter worth approximately $212,000. First Trust Advisors LP purchased a new stake in shares of RGC Resources during the 2nd quarter worth approximately $227,000. Finally, LPL Financial LLC purchased a new stake in shares of RGC Resources during the 1st quarter worth approximately $249,000.
NASDAQ:RGCO traded down $0.40 on Thursday, hitting $26.90. The stock had a trading volume of 10,200 shares, compared to its average volume of 10,378. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.54. The firm has a market cap of $215.09 million, a price-to-earnings ratio of 31.14 and a beta of -0.11. RGC Resources has a 1 year low of $22.16 and a 1 year high of $31.57.
RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Friday, August 3rd. The energy company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. The firm had revenue of $11.89 million during the quarter, compared to analyst estimates of $12.25 million. RGC Resources had a net margin of 10.30% and a return on equity of 9.31%. sell-side analysts forecast that RGC Resources will post 0.91 earnings per share for the current year.
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 1,135 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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