Northwest Natural Gas (NWN) Earning Somewhat Positive Press Coverage, Accern Reports

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Headlines about Northwest Natural Gas (NYSE:NWN) have trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northwest Natural Gas earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 47.4593009410927 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern’s scoring:

NWN has been the topic of several analyst reports. TheStreet lowered shares of Northwest Natural Gas from a “b” rating to a “c+” rating in a report on Friday, January 12th. Zacks Investment Research lowered shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Wells Fargo raised shares of Northwest Natural Gas from an “underperform” rating to a “market perform” rating and set a $52.00 price objective on the stock in a report on Monday, March 5th. Hilliard Lyons raised shares of Northwest Natural Gas from an “underperform” rating to a “neutral” rating in a report on Tuesday, February 27th. Finally, Sidoti lowered shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.25.

NYSE:NWN traded up $0.10 during mid-day trading on Friday, reaching $59.00. 167,901 shares of the company were exchanged, compared to its average volume of 172,641. Northwest Natural Gas has a 12 month low of $51.50 and a 12 month high of $69.50. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.92. The firm has a market cap of $1,667.59, a P/E ratio of 26.34, a P/E/G ratio of 6.57 and a beta of 0.36.

Northwest Natural Gas (NYSE:NWN) last released its earnings results on Friday, February 23rd. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Northwest Natural Gas had a negative net margin of 7.30% and a positive return on equity of 7.75%. The company had revenue of $240.40 million for the quarter, compared to the consensus estimate of $241.36 million. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. equities analysts predict that Northwest Natural Gas will post 2.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 3.20%. Northwest Natural Gas’s payout ratio is presently 84.38%.

In other Northwest Natural Gas news, Director Mark S. Dodson sold 1,036 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $56.05, for a total transaction of $58,067.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Malia H. Wasson bought 2,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $53.84 per share, for a total transaction of $107,680.00. Following the completion of the transaction, the director now owns 523 shares in the company, valued at approximately $28,158.32. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company’s stock.

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About Northwest Natural Gas

Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.

Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

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