Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Northwest Natural Gas (NWN) Share Price
News articles about Northwest Natural Gas (NYSE:NWN) have been trending somewhat positive on Monday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northwest Natural Gas earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.826687551721 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Northwest Natural Gas (NYSE:NWN) opened at $67.20 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1,929.51, a P/E ratio of 30.55, a P/E/G ratio of 6.88 and a beta of 0.39. Northwest Natural Gas has a 12-month low of $56.53 and a 12-month high of $69.50.
Northwest Natural Gas (NYSE:NWN) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.01. The business had revenue of $88.20 million during 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 was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. equities analysts predict that Northwest Natural Gas will post 2.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a $0.4725 dividend. The ex-dividend date was Monday, October 30th. This is a boost from Northwest Natural Gas’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.81%. Northwest Natural Gas’s payout ratio is 85.91%.
Separately, Zacks Investment Research upgraded Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.33.
In other news, Director Martha L. Byorum sold 1,202 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $64.88, for a total value of $77,985.76. Following the completion of the sale, the director now directly owns 1,202 shares in the company, valued at $77,985.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is owned by insiders.
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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