RGC Resources (RGCO) Receiving Somewhat Positive News Coverage, Report Finds

Media coverage about RGC Resources (NASDAQ:RGCO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RGC Resources earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 45.5986440735675 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Separately, Janney Montgomery Scott initiated coverage on shares of RGC Resources in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $29.00 target price on the stock.

Shares of RGC Resources (NASDAQ:RGCO) opened at $27.96 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 1.02. RGC Resources has a 1-year low of $16.60 and a 1-year high of $31.99. The firm has a market cap of $200.18, a price-to-earnings ratio of 32.64 and a beta of 0.08.

RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings results on Wednesday, November 15th. The energy company reported $0.02 earnings per share for the quarter. RGC Resources had a net margin of 10.01% and a return on equity of 10.52%. The firm had revenue of $10.17 million during the quarter. equities research analysts predict that RGC Resources will post 0.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 16th will be issued a $0.155 dividend. The ex-dividend date is Friday, January 12th. This is an increase from RGC Resources’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a yield of 2.22%. RGC Resources’s dividend payout ratio is 67.70%.

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About RGC Resources

RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.

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