Shares of RGC Resources Inc. (NASDAQ:RGCO) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. RGC Resources’ rating score has improved by 50% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 12-month consensus target price of $32.00 for the company, according to Zacks. Zacks has also assigned RGC Resources an industry rank of 45 out of 255 based on the ratings given to related companies.

RGCO stock traded down $0.10 during trading on Friday, reaching $28.40. The stock had a trading volume of 10,355 shares, compared to its average volume of 5,788. RGC Resources has a 1-year low of $25.63 and a 1-year high of $31.00. The company has a current ratio of 0.76, a quick ratio of 0.41 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $237.02 million, a P/E ratio of 26.30 and a beta of -0.21. The firm has a fifty day moving average price of $29.09 and a 200 day moving average price of $28.51.

RGC Resources (NASDAQ:RGCO) last issued its earnings results on Friday, November 15th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $9.85 million during the quarter, compared to analyst estimates of $10.60 million. RGC Resources had a net margin of 12.79% and a return on equity of 10.43%.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of RGC Resources by 231.2% in the 2nd quarter. Bank of Montreal Can now owns 914 shares of the energy company’s stock valued at $27,000 after purchasing an additional 638 shares in the last quarter. FCA Corp TX raised its stake in shares of RGC Resources by 2.3% in the 2nd quarter. FCA Corp TX now owns 33,184 shares of the energy company’s stock valued at $1,013,000 after purchasing an additional 740 shares in the last quarter. Rhumbline Advisers raised its stake in shares of RGC Resources by 8.8% in the 3rd quarter. Rhumbline Advisers now owns 11,885 shares of the energy company’s stock valued at $348,000 after purchasing an additional 964 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of RGC Resources by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,613 shares of the energy company’s stock valued at $538,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of RGC Resources by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,709 shares of the energy company’s stock valued at $1,242,000 after purchasing an additional 1,639 shares in the last quarter.

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 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.

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