News coverage about Northwest Natural Gas (NYSE:NWN) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northwest Natural Gas earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.0623070006521 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Northwest Natural Gas (NWN) Earns Sector Perform Rating from Analysts at Royal Bank of Canada (americanbankingnews.com)
- Northwest Natural Gas (NWN) Shares Enter Oversold Territory (nasdaq.com)
- Northwest Natural Gas Co (NWN) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- NWN Dividend Yield Pushes Above 3% (nasdaq.com)
- Natural gas rushed to north (ecns.cn)
Several research analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Northwest Natural Gas in a research note on Tuesday. They issued a “sector perform” rating and a $63.00 price target for the company. Wells Fargo & Company lowered shares of Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $71.00.
Shares of Northwest Natural Gas (NYSE:NWN) opened at $59.80 on Thursday. Northwest Natural Gas has a 1 year low of $56.53 and a 1 year high of $69.50. The company has a market cap of $1,730.00, a PE ratio of 28.41, a P/E/G ratio of 6.39 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.98.
Northwest Natural Gas (NYSE:NWN) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.01. Northwest Natural Gas had a net margin of 8.32% and a return on equity of 7.31%. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $91.19 million. During the same period in the prior year, the firm posted $1.18 EPS. Northwest Natural Gas’s revenue for the quarter was up .6% on a year-over-year basis. equities analysts predict that Northwest Natural Gas will post 2.18 earnings per share for the current fiscal year.
In related news, Director Martha L. Byorum sold 1,202 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.88, for a total transaction of $77,985.76. Following the sale, the director now directly owns 1,202 shares of the company’s stock, valued at approximately $77,985.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.48% of the company’s stock.
About Northwest Natural Gas
Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.
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