Why Northwest Natural Gas Company (NYSE:NWN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $57.00 on Northwest Natural Gas Company (NYSE:NWN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.08 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Northwest Natural Gas Company (NYSE:NWN) stands at 27.21.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Northwest Natural Gas Company C, the PEG ratio for coming 3-5 years is 7.48.

Technical Analysis

The technical analysis highlights that Northwest Natural Gas Company C current is trading $-2.95 points away or -4.61% from its 50-day moving average of $63.96. Further it is trading $4.10 or +7.21% away its 200-day moving average of $56.91.

The 52-week high of Northwest Natural Gas Company (NYSE:NWN) was $66.17 while lowest point recorded in 52-week was $42.25. It implies if stock price makes a movement of over $-5.16, it will record a new 52-week high. In the case of +44.40% drop, it will touch a new 52-week low.

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