RGC Resources (NASDAQ:RGCO - Get Free Report) posted its quarterly earnings results on Monday. The energy company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01, Zacks reports. RGC Resources had a net margin of 13.90% and a return on equity of 10.91%.
RGC Resources Stock Down 1.6 %
Shares of NASDAQ:RGCO traded down $0.34 during trading hours on Thursday, hitting $20.91. The company's stock had a trading volume of 13,232 shares, compared to its average volume of 11,398. RGC Resources has a 52 week low of $18.25 and a 52 week high of $24.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.52. The company has a market capitalization of $214.54 million, a price-to-earnings ratio of 18.03 and a beta of 0.18. The firm's fifty day moving average price is $20.48 and its 200 day moving average price is $20.72.
RGC Resources Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 17th were issued a $0.2075 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.83 annualized dividend and a dividend yield of 3.97%. This is a positive change from RGC Resources's previous quarterly dividend of $0.20. RGC Resources's payout ratio is currently 71.55%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of RGC Resources from a "sell" rating to a "hold" rating in a report on Thursday, February 6th.
View Our Latest Analysis on RGCO
RGC Resources Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider RGC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RGC Resources wasn't on the list.
While RGC Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
