RGC Resources (NASDAQ:RGCO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of RGC Resources, Inc. (NASDAQ:RGCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.71 and traded as high as $21.06. RGC Resources shares last traded at $20.78, with a volume of 9,831 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded RGC Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th.

RGC Resources Stock Down 0.0 %

The firm has a market cap of $212.94 million, a price-to-earnings ratio of 17.68 and a beta of 0.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.41. The firm’s fifty day moving average is $20.63 and its two-hundred day moving average is $20.71.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Monday, February 10th. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. RGC Resources had a net margin of 13.73% and a return on equity of 10.94%. On average, sell-side analysts expect that RGC Resources, Inc. will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGCO. Cerity Partners LLC increased its holdings in RGC Resources by 4.6% in the third quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock valued at $590,000 after purchasing an additional 1,161 shares during the last quarter. State Street Corp raised its stake in RGC Resources by 0.6% during the 3rd quarter. State Street Corp now owns 104,929 shares of the energy company’s stock worth $2,368,000 after buying an additional 592 shares during the period. Barclays PLC increased its holdings in shares of RGC Resources by 257.3% in the third quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock worth $247,000 after acquiring an additional 7,879 shares in the last quarter. Geode Capital Management LLC grew its position in shares of RGC Resources by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company’s stock valued at $4,429,000 after purchasing an additional 7,701 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in RGC Resources by 267.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock worth $332,000 after purchasing an additional 10,697 shares during the period. Institutional investors own 35.77% of the company’s stock.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.