RGC Resources, Inc. (NASDAQ:RGCO - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.71 and traded as high as $21.06. RGC Resources shares last traded at $20.78, with a volume of 9,831 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com raised RGC Resources from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th.
Read Our Latest Stock Analysis on RGCO
RGC Resources Stock Up 3.7 %
The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.41 and a current ratio of 0.56. The firm has a market capitalization of $220.87 million, a PE ratio of 18.33 and a beta of 0.25. The company has a fifty day moving average price of $20.69 and a 200-day moving average price of $20.71.
RGC Resources (NASDAQ:RGCO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. RGC Resources had a net margin of 13.73% and a return on equity of 10.94%. As a group, analysts expect that RGC Resources, Inc. will post 1.23 earnings per share for the current year.
Institutional Investors Weigh In On RGC Resources
Several institutional investors have recently modified their holdings of RGCO. State Street Corp raised its holdings in RGC Resources by 0.6% during the 3rd quarter. State Street Corp now owns 104,929 shares of the energy company's stock valued at $2,368,000 after buying an additional 592 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of RGC Resources by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,454 shares of the energy company's stock valued at $230,000 after acquiring an additional 680 shares during the period. Fruth Investment Management lifted its holdings in shares of RGC Resources by 5.3% in the 4th quarter. Fruth Investment Management now owns 13,800 shares of the energy company's stock worth $276,000 after acquiring an additional 700 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of RGC Resources by 0.3% during the 4th quarter. Gabelli Funds LLC now owns 229,000 shares of the energy company's stock worth $4,594,000 after purchasing an additional 794 shares during the period. Finally, Teton Advisors Inc. grew its holdings in RGC Resources by 0.8% during the 4th quarter. Teton Advisors Inc. now owns 95,130 shares of the energy company's stock valued at $1,908,000 after purchasing an additional 800 shares during the last quarter. 35.77% of the stock is owned by institutional investors.
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.
Further Reading
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
