RGC Resources (NASDAQ:RGCO – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
RGC Resources Stock Down 1.0 %
Shares of NASDAQ:RGCO traded down $0.22 during midday trading on Friday, hitting $21.25. The stock had a trading volume of 3,430 shares, compared to its average volume of 14,948. The company has a quick ratio of 0.69, a current ratio of 1.07 and a debt-to-equity ratio of 1.25. The business’s 50-day simple moving average is $20.68 and its 200-day simple moving average is $20.30. RGC Resources has a 12 month low of $15.36 and a 12 month high of $23.70. The company has a market cap of $216.35 million, a P/E ratio of 16.35 and a beta of 0.16.
RGC Resources (NASDAQ:RGCO – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $14.46 million during the quarter, compared to the consensus estimate of $14.00 million. RGC Resources had a net margin of 15.04% and a return on equity of 11.93%. During the same period last year, the business earned $0.07 EPS. On average, sell-side analysts forecast that RGC Resources will post 1.14 earnings per share for the current fiscal year.
Institutional Trading of 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.
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