StockNews.com upgraded shares of RGC Resources (NASDAQ:RGCO – Free Report) from a sell rating to a hold rating in a report published on Friday.
RGC Resources Stock Performance
Shares of RGCO opened at $22.67 on Friday. The company has a market capitalization of $231.69 million, a PE ratio of 17.44 and a beta of 0.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.69 and a current ratio of 1.07. The company’s 50 day moving average price is $20.87 and its 200 day moving average price is $20.55. RGC Resources has a 52 week low of $15.36 and a 52 week high of $23.70.
RGC Resources (NASDAQ:RGCO – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $14.46 million for the quarter, compared to analysts’ expectations of $14.00 million. RGC Resources had a net margin of 15.04% and a return on equity of 11.93%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Research analysts expect that RGC Resources will post 1.14 EPS for the current fiscal year.
Institutional Investors Weigh In On RGC Resources
About RGC Resources
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.
Recommended Stories
- Five stocks we like better than RGC Resources
- Differences Between Momentum Investing and Long Term Investing
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- How to Use the MarketBeat Stock Screener
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- What to Know About Investing in Penny Stocks
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
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.