Somewhat Favorable News Coverage Somewhat Unlikely to Affect Atmos Energy Corporation (ATO) Share Price
News coverage about Atmos Energy Corporation (NYSE:ATO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atmos Energy Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 47.7069721308444 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Atmos Energy Corporation’s Analysts … (ih.advfn.com)
- Edited Transcript of ATO earnings conference call or presentation 9-Nov-17 3:00pm GMT (finance.yahoo.com)
- Atmos Energy Shows Rising Relative Strength; Still Shy Of Key Benchmark (finance.yahoo.com)
- Atmos Energy (ATO) Raises Quarterly Dividend 7.8% to $0.485; 2.2% Yield – StreetInsider.com (streetinsider.com)
- Atmos Energy Corporation to Host Earnings Call (finance.yahoo.com)
Several research firms have commented on ATO. BidaskClub cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC set a $84.00 price target on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Argus lifted their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, J P Morgan Chase & Co lifted their price objective on Atmos Energy Corporation from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Atmos Energy Corporation has a consensus rating of “Buy” and a consensus target price of $85.67.
Atmos Energy Corporation (ATO) opened at $89.16 on Friday. The company has a market capitalization of $9,523.63, a P/E ratio of 24.47, a P/E/G ratio of 3.57 and a beta of 0.38. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Atmos Energy Corporation has a 52-week low of $69.50 and a 52-week high of $90.39.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. During the same period last year, the business earned $0.40 EPS. analysts predict that Atmos Energy Corporation will post 3.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, November 24th. This is a positive change from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 annualized dividend and a yield of 2.18%. Atmos Energy Corporation’s payout ratio is 48.13%.
In other Atmos Energy Corporation news, Director Richard A. Sampson bought 1,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $88.12 per share, with a total value of $132,180.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $264,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.57% of the company’s stock.
About Atmos Energy Corporation
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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