StockNews.com upgraded shares of RGC Resources (NASDAQ:RGCO – Free Report) from a sell rating to a hold rating in a research report released on Tuesday.
RGC Resources Price Performance
Shares of NASDAQ:RGCO opened at $20.25 on Tuesday. The firm’s 50 day moving average price is $20.88 and its 200-day moving average price is $20.63. 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 stock has a market capitalization of $206.96 million, a PE ratio of 16.20 and a beta of 0.16. RGC Resources has a twelve month low of $15.36 and a twelve month high of $23.70.
RGC Resources (NASDAQ:RGCO – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $14.46 million for the quarter, compared to analysts’ expectations of $14.00 million. RGC Resources had a return on equity of 11.93% and a net margin of 15.04%. During the same quarter in the prior year, the business earned $0.07 EPS. Equities research analysts expect that RGC Resources will post 1.14 EPS for the current year.
RGC Resources Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in RGCO. Vanguard Group Inc. grew its holdings in RGC Resources by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 437,803 shares of the energy company’s stock valued at $8,861,000 after buying an additional 4,202 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in RGC Resources by 6.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 359,700 shares of the energy company’s stock valued at $7,280,000 after buying an additional 22,400 shares during the period. Gabelli Funds LLC lifted its position in RGC Resources by 16.4% in the second quarter. Gabelli Funds LLC now owns 224,206 shares of the energy company’s stock worth $4,585,000 after buying an additional 31,651 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in RGC Resources by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 181,524 shares of the energy company’s stock worth $3,674,000 after buying an additional 36,685 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its position in RGC Resources by 18.5% during the third quarter. Cutter & CO Brokerage Inc. now owns 137,948 shares of the energy company’s stock valued at $3,113,000 after acquiring an additional 21,489 shares during the last quarter. Institutional investors own 35.77% of the company’s stock.
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.
Read More
- Five stocks we like better than RGC Resources
- About the Markup Calculator
- Texas Roadhouse Stock Steering for New Highs This Year
- The Significance of Brokerage Rankings in Stock Selection
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to invest in marijuana stocks in 7 steps
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
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.