The stock of Gas Natural Inc (NYSEMKT:EGAS) hit a new 52-week high and has $36.50 target or 192.00% above today’s $12.50 share price. The 6 months bullish chart indicates low risk for the $133.18M company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $36.50 price target is reached, the company will be worth $255.71 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 452,334 shares traded hands or 3193.05% up from the average. Gas Natural Inc (NYSEMKT:EGAS) has declined 6.23% since March 7, 2016 and is downtrending. It has underperformed by 13.82% the S&P500.
Analysts await Gas Natural Inc (NYSEMKT:EGAS) to report earnings on November, 14.
According to Zacks Investment Research, “Gas Natural Inc., formerly known as Energy, Inc., distributes and sells natural gas to end-use residential, commercial, and industrial customers. It distributes natural gas through regulated utilities operating in Montana, Wyoming, Ohio, Pennsylvania, Maine and North Carolina. The Company markets natural gas to commercial and industrial customers in Montana and Wyoming on an unregulated basis. It also has a majority ownership interest in many natural gas producing wells and gas gathering assets. Further, the Company owns the Shoshone interstate and the Glacier gathering pipelines located in Montana and Wyoming. Gas Natural Inc. is headquartered in Great Falls, Montana.”
More notable recent Gas Natural Inc (NYSEMKT:EGAS) news were published by: Crainscleveland.com which released: “Gas Natural Inc. agrees to be acquired by an energy investment firm for nearly …” on October 10, 2016, also Crainscleveland.com with their article: “Gas Natural Inc.’s vice president/general counsel will leave the company Oct. 28” published on October 03, 2016, Globenewswire.com published: “Gas Natural Inc. Highlights Richard M. Osborne’s Regulatory and Legal …” on June 30, 2016. More interesting news about Gas Natural Inc (NYSEMKT:EGAS) were released by: Prnewswire.com and their article: “Gas Natural Inc. Files Definitive Proxy Materials and Mails Letter to Shareholders” published on June 21, 2016 as well as Prnewswire.com‘s news article titled: “Gas Natural Inc. Issues Statement Regarding Director Nominations and Proxy …” with publication date: May 26, 2016.
EGAS Company Profile
Gas Natural Inc., incorporated on July 1, 2010, is a natural gas company. The Firm operates through three divisions: Natural Gas; Marketing and Production, and Corporate and Other.