RGC Resources (NASDAQ:RGCO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of RGC Resources Inc. (NASDAQ:RGCO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.82 and traded as high as $22.65. RGC Resources shares last traded at $22.34, with a volume of 10,326 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of RGC Resources from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Wall Street Zen raised RGC Resources from a “sell” rating to a “hold” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

RGC Resources Stock Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 0.80 and a quick ratio of 0.58. The company has a market capitalization of $235.54 million, a price-to-earnings ratio of 18.28 and a beta of 0.52. The business’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $21.83.

RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The company had revenue of $30.26 million for the quarter, compared to analyst estimates of $28.21 million. RGC Resources had a return on equity of 11.11% and a net margin of 13.11%. Research analysts predict that RGC Resources Inc. will post 1.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its stake in shares of RGC Resources by 647.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,270 shares of the energy company’s stock valued at $28,000 after acquiring an additional 1,100 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in RGC Resources by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,602 shares of the energy company’s stock worth $36,000 after purchasing an additional 1,068 shares in the last quarter. BNP Paribas Financial Markets raised its position in RGC Resources by 80.9% in the third quarter. BNP Paribas Financial Markets now owns 1,816 shares of the energy company’s stock valued at $41,000 after purchasing an additional 812 shares during the last quarter. Nisa Investment Advisors LLC raised its position in RGC Resources by 45.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the energy company’s stock valued at $57,000 after purchasing an additional 800 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of RGC Resources by 440.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,821 shares of the energy company’s stock valued at $63,000 after purchasing an additional 2,299 shares in the last quarter. Institutional investors and hedge funds own 35.77% of the company’s stock.

About RGC Resources

RGC Resources, Inc (NASDAQ: RGCO) is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.