Media stories about Northwest Natural Gas (NYSE:NWN) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northwest Natural Gas earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.1844203247871 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have issued reports on NWN. BidaskClub raised shares of Northwest Natural Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Wednesday, September 6th. Finally, Sidoti reaffirmed a “buy” rating and issued a $75.00 target price (up from $68.00) on shares of Northwest Natural Gas in a research report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Northwest Natural Gas currently has a consensus rating of “Hold” and a consensus target price of $66.00.
Northwest Natural Gas (NYSE NWN) remained flat at $64.95 during midday trading on Thursday. The stock had a trading volume of 22,889 shares. Northwest Natural Gas has a 52 week low of $53.50 and a 52 week high of $68.60. The firm has a market cap of $1.86 billion, a P/E ratio of 29.06 and a beta of 0.42. The stock’s 50-day moving average price is $65.73 and its 200-day moving average price is $62.15.
Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. The firm had revenue of $136.24 million for the quarter, compared to analysts’ expectations of $78.51 million. Northwest Natural Gas had a net margin of 8.38% and a return on equity of 7.51%. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. Equities research analysts forecast that Northwest Natural Gas will post $2.17 EPS for the current fiscal year.
In other news, VP Lori L. Russell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $66.93, for a total value of $133,860.00. Following the transaction, the vice president now directly owns 3,512 shares in the company, valued at $235,058.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martha L. Byorum sold 1,202 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total transaction of $77,985.76. Following the completion of the transaction, the director now owns 1,202 shares in the company, valued at $77,985.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,202 shares of company stock worth $879,666. Company insiders own 1.48% of the company’s stock.
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About Northwest Natural Gas
Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.
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