Somewhat Positive Press Coverage Somewhat Unlikely to Affect Northwest Natural Gas (NWN) Stock Price

Headlines about Northwest Natural Gas (NYSE:NWN) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northwest Natural Gas earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.3829006448047 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern’s scoring:

Northwest Natural Gas (NWN) opened at $57.45 on Friday. The company has a market cap of $1,658.18, a PE ratio of 26.11, a PEG ratio of 5.64 and a beta of 0.40. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.89. Northwest Natural Gas has a fifty-two week low of $55.70 and a fifty-two week high of $69.50.

Northwest Natural Gas (NYSE:NWN) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.01. The business had revenue of $88.20 million during the quarter, compared to analyst estimates of $91.19 million. Northwest Natural Gas had a net margin of 8.32% and a return on equity of 7.31%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. equities research analysts forecast that Northwest Natural Gas will post 2.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.4725 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.89 dividend on an annualized basis and a yield of 3.29%. Northwest Natural Gas’s dividend payout ratio (DPR) is presently 85.91%.

A number of research firms have recently commented on NWN. Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Saturday, November 18th. Wells Fargo & Co cut shares of Northwest Natural Gas from a “market perform” rating to an “underperform” rating in a report on Monday, December 18th. Royal Bank of Canada began coverage on shares of Northwest Natural Gas in a report on Tuesday, December 19th. They issued a “sector perform” rating and a $63.00 target price for the company. Guggenheim cut shares of Northwest Natural Gas from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Sidoti cut shares of Northwest Natural Gas from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $67.00.

In related news, Director Mark S. Dodson sold 1,036 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $56.05, for a total value of $58,067.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.48% of the stock is owned by company insiders.

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About Northwest Natural Gas

Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.

Insider Buying and Selling by Quarter for Northwest Natural Gas (NYSE:NWN)

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