In a report released on May 14, Shelby Tucker from RBC Capital maintained a Hold rating on Northwest Gas (NWN – Research Report), with a price target of $41.00. The company’s shares closed yesterday at $38.49.
According to TipRanks, Tucker is a top 100 analyst with an average return of 10.8% and a 73.97% success rate. Tucker covers the Utilities sector, focusing on stocks such as Atlantica Yield, PPL, and American Water.
In addition to RBC Capital, Northwest Gas also received a Hold from Wells Fargo’s Sarah Akers in a report issued on May 7. However, on the same day, Stifel Nicolaus maintained a Buy rating on Northwest Gas (NYSE: NWN).
Based on Northwest Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $433.47 million and a net profit of $63.82 million. In comparison, last year the company earned a revenue of $462.42 million and had a net profit of $71.67 million
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Northwest Gas (NWN) Company Description:
Northwest Natural Holding Co. operates through its subsidiaries, which engages in the local distribution of gas and water. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.
