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NASDAQ:ARTNA

Artesian Resources (ARTNA) Stock Price, News & Analysis

Artesian Resources logo
$33.18
-0.33 (-0.98%)
(As of 11/1/2024 ET)

About Artesian Resources Stock (NASDAQ:ARTNA)

Key Stats

Today's Range
$33.15
$33.66
50-Day Range
$33.18
$38.58
52-Week Range
$33.15
$44.78
Volume
35,937 shs
Average Volume
50,239 shs
Market Capitalization
$341.62 million
P/E Ratio
18.64
Dividend Yield
3.56%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2023, it served approximately 95,900 customers in Delaware; 2,600 customers in Maryland; and 40 customers in Pennsylvania through 1,470 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

Artesian Resources Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

ARTNA MarketRank™: 

Artesian Resources scored higher than 81% of companies evaluated by MarketBeat, and ranked 39th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Artesian Resources are expected to grow by 8.85% in the coming year, from $1.92 to $2.09 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Artesian Resources is 18.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.95.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Artesian Resources is 18.64, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.53.

  • Price to Book Value per Share Ratio

    Artesian Resources has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Artesian Resources' valuation and earnings.
  • Percentage of Shares Shorted

    1.08% of the outstanding shares of Artesian Resources have been sold short.
  • Short Interest Ratio / Days to Cover

    Artesian Resources has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Artesian Resources has recently increased by 29.73%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Artesian Resources is a leading dividend payer. It pays a dividend yield of 3.50%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Artesian Resources does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Artesian Resources is 66.29%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Artesian Resources will have a dividend payout ratio of 56.46% next year. This indicates that Artesian Resources will be able to sustain or increase its dividend.

  • Read more about Artesian Resources' dividend.
  • Percentage of Shares Shorted

    1.08% of the outstanding shares of Artesian Resources have been sold short.
  • Short Interest Ratio / Days to Cover

    Artesian Resources has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Artesian Resources has recently increased by 29.73%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Artesian Resources has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Artesian Resources this week, compared to 1 article on an average week.
  • Search Interest

    Only 5 people have searched for ARTNA on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Artesian Resources to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Artesian Resources insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    20.59% of the stock of Artesian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    57.37% of the stock of Artesian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Artesian Resources' insider trading history.
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ARTNA Stock News Headlines

Artesian Resources Co. (NASDAQ:ARTNA) Sees Large Growth in Short Interest
625,000% Gain
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ARTNA Stock Analysis - Frequently Asked Questions

Artesian Resources' stock was trading at $41.45 at the beginning of the year. Since then, ARTNA stock has decreased by 20.0% and is now trading at $33.18.
View the best growth stocks for 2024 here
.

Artesian Resources Co. (NASDAQ:ARTNA) released its quarterly earnings results on Monday, August, 5th. The utilities provider reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.02. The utilities provider earned $27.42 million during the quarter, compared to analyst estimates of $27 million. Artesian Resources had a net margin of 17.74% and a trailing twelve-month return on equity of 7.90%.

Artesian Resources' top institutional shareholders include Costello Asset Management INC (1.53%), Assenagon Asset Management S.A. (0.09%), Creative Planning (0.08%) and Avidian Wealth Enterprises LLC (0.08%). Insiders that own company stock include Dian C Taylor, John R Eisenbrey Jr, Nicholle Renee Taylor, John M Thaeder, Kenneth R Biederman, Courtney A Emerson and Pierre A Anderson.
View institutional ownership trends
.

Shares of ARTNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
8/05/2024
Ex-Dividend for 8/27 Dividend
8/16/2024
Dividend Payable
8/27/2024
Today
11/02/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
Current Symbol
NASDAQ:ARTNA
CUSIP
04311320
Employees
251
Year Founded
1905

Profitability

Net Income
$16.70 million
Pretax Margin
17.74%

Debt

Sales & Book Value

Annual Sales
$103.08 million
Cash Flow
$2.89 per share
Book Value
$22.42 per share

Miscellaneous

Free Float
8,176,000
Market Cap
$341.62 million
Optionable
Not Optionable
Beta
0.19

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This page (NASDAQ:ARTNA) was last updated on 11/2/2024 by MarketBeat.com Staff
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