Shares of RGC Resources Inc. (NASDAQ:RGCO) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $28.00 for the company and are predicting 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 177 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded RGC Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th.
Shares of RGCO stock traded up $0.48 during trading on Wednesday, hitting $28.56. The company had a trading volume of 1 shares, compared to its average volume of 7,359. The company has a current ratio of 0.54, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. The stock has a market cap of $224.27 million, a P/E ratio of 33.26 and a beta of -0.14. RGC Resources has a one year low of $22.16 and a one year high of $31.33.
The business also recently declared a dividend, which was paid on Thursday, November 1st. Investors of record on Monday, October 15th were paid a $0.155 dividend. The ex-dividend date was Friday, October 12th. RGC Resources’s dividend payout ratio (DPR) is currently 72.09%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers acquired a new position in RGC Resources during the second quarter valued at approximately $206,000. Bank of America Corp DE raised its position in RGC Resources by 59.6% during the second quarter. Bank of America Corp DE now owns 7,095 shares of the energy company’s stock valued at $207,000 after purchasing an additional 2,650 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in RGC Resources during the second quarter valued at approximately $212,000. First Trust Advisors LP acquired a new position in RGC Resources during the second quarter valued at approximately $227,000. Finally, LPL Financial LLC acquired a new position in RGC Resources during the first quarter valued at approximately $249,000.
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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