RGC Resources (NASDAQ:RGCO) Stock Rating Lowered by StockNews.com

RGC Resources (NASDAQ:RGCO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

RGC Resources Price Performance

RGCO stock opened at $20.34 on Thursday. The company has a market capitalization of $207.87 million, a PE ratio of 16.27 and a beta of 0.16. The company’s fifty day moving average price is $20.88 and its 200-day moving average price is $20.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.69 and a current ratio of 1.07. RGC Resources has a one year low of $15.50 and a one year high of $23.70.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). RGC Resources had a net margin of 15.04% and a return on equity of 11.93%. The firm had revenue of $14.46 million for the quarter, compared to the consensus estimate of $14.00 million. During the same quarter last year, the firm earned $0.07 EPS. On average, equities analysts anticipate that RGC Resources will post 1.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RGCO. BNP Paribas Financial Markets grew its holdings in shares of RGC Resources by 62.0% in the first quarter. BNP Paribas Financial Markets now owns 4,011 shares of the energy company’s stock worth $81,000 after purchasing an additional 1,535 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of RGC Resources by 5.6% in the second quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock worth $191,000 after purchasing an additional 497 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of RGC Resources by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,680 shares of the energy company’s stock worth $217,000 after purchasing an additional 539 shares during the last quarter. Fruth Investment Management grew its holdings in shares of RGC Resources by 10.1% in the third quarter. Fruth Investment Management now owns 13,100 shares of the energy company’s stock worth $295,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new position in shares of RGC Resources in the second quarter worth about $819,000. Institutional investors own 35.77% of the company’s stock.

RGC Resources Company Profile

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.