RGC Resources (NASDAQ:RGCO) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. RGC Resources’ rating score has improved by 66.7% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a one year consensus price target of $29.00 for the company and are expecting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also given RGC Resources an industry rank of 177 out of 265 based on the ratings given to related companies.

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A number of analysts recently weighed in on RGCO shares. Janney Montgomery Scott started coverage on shares of RGC Resources in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $29.00 price objective for the company. TheStreet lowered shares of RGC Resources from a “b” rating to a “c+” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of RGC Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 9th.

Shares of RGC Resources stock opened at $25.35 on Thursday. RGC Resources has a one year low of $19.26 and a one year high of $31.99. The firm has a market cap of $189.49, a PE ratio of 30.54 and a beta of -0.03. The company has a quick ratio of 0.78, a current ratio of 1.22 and a debt-to-equity ratio of 1.14.

RGC Resources (NASDAQ:RGCO) last released its quarterly earnings data on Monday, February 5th. The energy company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.09). RGC Resources had a return on equity of 9.64% and a net margin of 9.73%. The business had revenue of $18.76 million during the quarter, compared to analysts’ expectations of $19.63 million. analysts anticipate that RGC Resources will post 0.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 16th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, April 13th. RGC Resources’s dividend payout ratio (DPR) is presently 74.70%.

A number of large investors have recently added to or reduced their stakes in RGCO. The Manufacturers Life Insurance Company purchased a new stake in RGC Resources in the second quarter worth about $199,000. New York State Common Retirement Fund purchased a new stake in shares of RGC Resources during the second quarter valued at about $201,000. Wells Fargo & Company MN lifted its position in shares of RGC Resources by 67.2% during the third quarter. Wells Fargo & Company MN now owns 10,282 shares of the energy company’s stock valued at $293,000 after buying an additional 4,131 shares during the last quarter. California State Teachers Retirement System purchased a new stake in shares of RGC Resources during the second quarter valued at about $334,000. Finally, Deutsche Bank AG lifted its position in shares of RGC Resources by 140.9% during the fourth quarter. Deutsche Bank AG now owns 15,259 shares of the energy company’s stock valued at $411,000 after buying an additional 8,924 shares during the last quarter.

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About RGC Resources

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.

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