Northwest Natural Gas Co (NYSE:NWN) reached a new 52-week low during trading on Wednesday . The stock traded as low as $56.00 and last traded at $57.45, with a volume of 214500 shares traded. The stock had previously closed at $58.20.

NWN has been the subject of several research analyst reports. Wells Fargo & Co downgraded Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday, December 18th. Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Saturday, November 18th. Royal Bank of Canada began coverage on Northwest Natural Gas in a research report on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 target price on the stock. Guggenheim cut Northwest Natural Gas from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Sidoti cut Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research report on Monday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. Northwest Natural Gas has a consensus rating of “Hold” and a consensus target price of $67.00.

The company has a market cap of $1,630.00, a PE ratio of 25.80, a PEG ratio of 5.77 and a beta of 0.40. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.89.

Northwest Natural Gas (NYSE:NWN) last announced its earnings results on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.01. The business had revenue of $88.20 million for the quarter, compared to analysts’ expectations of $91.19 million. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. analysts forecast that Northwest Natural Gas Co will post 2.18 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Northwest Natural Gas by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,063 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 40 shares during the last quarter. D.A. Davidson & CO. boosted its position in Northwest Natural Gas by 61.0% in the second quarter. D.A. Davidson & CO. now owns 2,111 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 800 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Northwest Natural Gas by 88.6% in the second quarter. Riverhead Capital Management LLC now owns 2,263 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 1,063 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Northwest Natural Gas by 6.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,496 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 150 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in Northwest Natural Gas by 83.6% in the second quarter. Flinton Capital Management LLC now owns 3,444 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,568 shares during the last quarter. 64.59% of the stock is currently owned by institutional investors and hedge funds.

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Northwest Natural Gas Company Profile

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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