Todays Report: The Gas Natural Inc. (EGAS) gets Sell status at Wunderlich

The Gas Natural Inc. (EGAS) gets Sell status at Wunderlich

Wunderlich cut shares of Gas Natural Inc. (NYSEMKT:EGAS) from a buy rating to a sell rating in a report published on Tuesday morning. The brokerage currently has $9.50 price objective on the stock.

Shares of Gas Natural (NYSEMKT:EGAS) opened at 12.58 on Tuesday. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $7.38. Gas Natural has a 12 month low of $6.50 and a 12 month high of $12.85. The firm has a market cap of $132.28 million, a PE ratio of 56.41 and a beta of 0.03.

Gas Natural (NYSEMKT:EGAS) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). The firm had revenue of $17.03 million for the quarter, compared to analyst estimates of $15.96 million. On average, analysts anticipate that Gas Natural will post $0.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 13th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, October 11th. Gas Natural’s dividend payout ratio is presently 136.37%.

Hedge funds have recently bought and sold shares of the company. Monarch Partners Asset Management LLC boosted its stake in Gas Natural by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 27,700 shares of the company’s stock worth $194,000 after buying an additional 5,190 shares in the last quarter. Northpointe Capital LLC boosted its stake in Gas Natural by 35.1% in the second quarter. Northpointe Capital LLC now owns 245,923 shares of the company’s stock worth $1,719,000 after buying an additional 63,917 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Gas Natural by 5.4% in the second quarter. Gamco Investors INC. ET AL now owns 19,500 shares of the company’s stock worth $136,000 after buying an additional 1,000 shares in the last quarter. Teton Advisors Inc. boosted its stake in Gas Natural by 3.6% in the second quarter. Teton Advisors Inc. now owns 29,000 shares of the company’s stock worth $203,000 after buying an additional 1,000 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in Gas Natural by 8.9% in the second quarter. Hennessy Advisors Inc. now owns 52,229 shares of the company’s stock worth $365,000 after buying an additional 4,290 shares in the last quarter.

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