Shares of RGC Resources Inc. (NASDAQ:RGCO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $27.28. RGC Resources shares last traded at $27.28, with a volume of 25 shares traded.
A number of research firms have weighed in on RGCO. Janney Montgomery Scott upgraded RGC Resources from a “neutral” rating to a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research lowered RGC Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th.
The company has a quick ratio of 0.34, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. The business has a 50 day simple moving average of $28.69 and a two-hundred day simple moving average of $27.61. The firm has a market cap of $220.58 million, a PE ratio of 29.25 and a beta of -0.18.
RGC Resources (NASDAQ:RGCO) last announced its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. RGC Resources had a return on equity of 10.81% and a net margin of 13.10%. The firm had revenue of $11.68 million for the quarter, compared to analyst estimates of $12.55 million. Equities analysts forecast that RGC Resources Inc. will post 1.06 earnings per share for the current year.
In related news, CEO Orazio John S. D sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $27.25, for a total transaction of $81,750.00. Following the sale, the chief executive officer now owns 44,034 shares of the company’s stock, valued at $1,199,926.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have purchased 185 shares of company stock worth $5,328. 7.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of RGCO. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of RGC Resources in the second quarter valued at $222,000. Vanguard Group Inc. grew its position in shares of RGC Resources by 8.1% in the second quarter. Vanguard Group Inc. now owns 324,788 shares of the energy company’s stock valued at $9,912,000 after purchasing an additional 24,240 shares during the period. BlackRock Inc. grew its position in shares of RGC Resources by 8.7% in the second quarter. BlackRock Inc. now owns 384,140 shares of the energy company’s stock valued at $11,723,000 after purchasing an additional 30,857 shares during the period. FCA Corp TX grew its position in shares of RGC Resources by 2.3% in the second 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 during the period. Finally, Captrust Financial Advisors grew its position in shares of RGC Resources by 8.2% in the second quarter. Captrust Financial Advisors now owns 39,409 shares of the energy company’s stock valued at $1,203,000 after purchasing an additional 3,000 shares during the period.
RGC Resources Company Profile (NASDAQ:RGCO)
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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