RGC Resources - RGCO Stock Forecast, Price & News

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. RGC Resources, Inc. was founded in 1883 and is based in Roanoke, Virginia.

RGC Resources Trading Up 0.2 %

RGCO traded up $0.04 during mid-day trading on Monday, reaching $20.29. The stock had a trading volume of 5,633 shares, compared to its average volume of 9,354. The stock has a market capitalization of $170.88 million, a P/E ratio of -8.49 and a beta of -0.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.89. The firm's fifty day simple moving average is $19.85 and its two-hundred day simple moving average is $20.81. RGC Resources has a 52 week low of $18.01 and a 52 week high of $25.17.

RGC Resources (NASDAQ:RGCO - Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). The company had revenue of $29.53 million during the quarter, compared to analyst estimates of $30.00 million. RGC Resources had a negative net margin of 25.31% and a positive return on equity of 9.13%. On average, equities analysts predict that RGC Resources will post 1 EPS for the current year.

Wall Street Analyst Weigh In

RGCO has been the subject of several research analyst reports. StockNews.com initiated coverage on RGC Resources in a research report on Monday, August 1st. They set a "sell" rating for the company. TheStreet lowered RGC Resources from a "b-" rating to a "c-" rating in a research note on Thursday, May 5th.

Insiders Place Their Bets

In related news, Director John B. Williamson III purchased 3,000 shares of the stock in a transaction on Wednesday, May 11th. The shares were purchased at an average price of $20.40 per share, with a total value of $61,200.00. Following the transaction, the director now directly owns 146,433 shares of the company's stock, valued at $2,987,233.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other RGC Resources news, Director John B. Williamson III bought 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average cost of $20.40 per share, with a total value of $61,200.00. Following the acquisition, the director now owns 146,433 shares of the company's stock, valued at $2,987,233.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert B. Johnston bought 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were acquired at an average cost of $18.10 per share, for a total transaction of $135,750.00. Following the completion of the acquisition, the director now directly owns 60,000 shares in the company, valued at approximately $1,086,000. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 16,721 shares of company stock worth $319,057. Corporate insiders own 6.60% of the company's stock.