Delta Natural Gas Co. (NASDAQ:DGAS) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Delta Natural Gas an industry rank of 93 out of 265 based on the ratings given to related companies.
Separately, TheStreet lowered shares of Delta Natural Gas from a “buy” rating to a “hold” rating in a report on Friday, September 2nd.
Shares of Delta Natural Gas (NASDAQ:DGAS) opened at 23.90 on Wednesday. Delta Natural Gas has a 12 month low of $20.30 and a 12 month high of $28.22. The stock’s 50 day moving average price is $23.86 and its 200-day moving average price is $24.95. The firm has a market cap of $169.50 million, a P/E ratio of 30.56 and a beta of 0.54.
Several hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in Delta Natural Gas by 31.4% in the first quarter. UBS Group AG now owns 73,248 shares of the company’s stock valued at $1,695,000 after buying an additional 17,485 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Delta Natural Gas by 76.8% in the second quarter. Bank of New York Mellon Corp now owns 28,329 shares of the company’s stock valued at $764,000 after buying an additional 12,302 shares during the last quarter. California State Teachers Retirement System purchased a new stake in Delta Natural Gas during the second quarter valued at $386,000. First Manhattan Co. raised its stake in Delta Natural Gas by 0.7% in the second quarter. First Manhattan Co. now owns 183,508 shares of the company’s stock valued at $4,943,000 after buying an additional 1,300 shares during the last quarter. Finally, Lebenthal Asset Management LLC bought a new stake in shares of Delta Natural Gas during the second quarter worth $1,078,000. 33.28% of the stock is owned by institutional investors.
Delta Natural Gas Company Profile
Delta Natural Gas Company, Inc is engaged in distributing or transporting natural gas to approximately 36,000 customers. The Company operates in two segments: regulated segment and a non-regulated segment. Its distribution and transmission systems are located in central and southeastern Kentucky and it owns and operates an underground storage field in southeastern Kentucky.