RGC Resources (NASDAQ:RGCO – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, August 11th. Analysts expect RGC Resources to post earnings of $0.02 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
RGC Resources (NASDAQ:RGCO – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.06). RGC Resources had a negative net margin of 25.31% and a positive return on equity of 9.13%. The company had revenue of $29.53 million for the quarter, compared to the consensus estimate of $30.00 million. On average, analysts expect RGC Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
RGC Resources Trading Up 2.6 %
Shares of RGCO opened at $20.51 on Thursday. The business’s 50-day moving average price is $19.84 and its 200-day moving average price is $20.89. RGC Resources has a twelve month low of $18.01 and a twelve month high of $25.61. The stock has a market cap of $172.74 million, a PE ratio of -8.58 and a beta of -0.18. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 0.99.
Analyst Upgrades and Downgrades
Insider Buying and Selling
In related news, Director John B. Williamson III acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average cost of $19.81 per share, for a total transaction of $79,240.00. Following the completion of the transaction, the director now owns 153,433 shares in the company, valued at $3,039,507.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other RGC Resources news, Director John B. Williamson III purchased 3,000 shares of RGC Resources stock in a transaction on Wednesday, May 11th. The shares were acquired at an average cost of $20.40 per share, for a total transaction of $61,200.00. Following the completion of the transaction, the director now directly owns 146,433 shares of the company’s stock, valued at $2,987,233.20. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director John B. Williamson III purchased 4,000 shares of RGC Resources stock in a transaction on Friday, May 13th. The shares were acquired at an average price of $19.81 per share, for a total transaction of $79,240.00. Following the completion of the transaction, the director now directly owns 153,433 shares of the company’s stock, valued at $3,039,507.73. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 16,721 shares of company stock worth $319,057. Insiders own 6.60% of the company’s stock.
Institutional Trading of RGC Resources
Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of RGC Resources by 14.3% during the first quarter. State Street Corp now owns 21,968 shares of the energy company’s stock valued at $470,000 after purchasing an additional 2,750 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of RGC Resources by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 50,042 shares of the energy company’s stock valued at $1,082,000 after purchasing an additional 1,462 shares during the period. UBS Group AG boosted its stake in shares of RGC Resources by 0.6% during the first quarter. UBS Group AG now owns 99,322 shares of the energy company’s stock valued at $2,147,000 after purchasing an additional 597 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of RGC Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 112,773 shares of the energy company’s stock valued at $2,411,000 after purchasing an additional 986 shares during the period.
About RGC Resources
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 1,157 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 6 metering stations.
Read More
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