RGC Resources (NASDAQ:RGCO) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

RGC Resources Inc. (NASDAQ:RGCO) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.80 and traded as low as $21.35. RGC Resources shares last traded at $21.53, with a volume of 5,663 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RGCO. Weiss Ratings raised shares of RGC Resources from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Wall Street Zen raised shares of RGC Resources from a “sell” rating to a “hold” rating in a research note on Sunday, February 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

RGC Resources Stock Down 1.4%

The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $223.70 million, a PE ratio of 17.36 and a beta of 0.52. The business has a 50-day moving average price of $21.75 and a 200-day moving average price of $21.80.

RGC Resources (NASDAQ:RGCO) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The company had revenue of $30.26 million for the quarter, compared to analysts’ expectations of $28.21 million. RGC Resources had a return on equity of 11.11% and a net margin of 13.11%. Equities research analysts forecast that RGC Resources Inc. will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGCO. Cary Street Partners Financial LLC boosted its position in shares of RGC Resources by 1.8% during the 3rd quarter. Cary Street Partners Financial LLC now owns 31,817 shares of the energy company’s stock valued at $714,000 after acquiring an additional 557 shares during the last quarter. Martingale Asset Management L P raised its stake in RGC Resources by 3.6% during the fourth quarter. Martingale Asset Management L P now owns 17,738 shares of the energy company’s stock worth $378,000 after purchasing an additional 616 shares during the period. Envestnet Asset Management Inc. raised its stake in RGC Resources by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 12,654 shares of the energy company’s stock worth $283,000 after purchasing an additional 668 shares during the period. Nisa Investment Advisors LLC boosted its holdings in RGC Resources by 45.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the energy company’s stock valued at $57,000 after purchasing an additional 800 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in RGC Resources by 80.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,816 shares of the energy company’s stock valued at $41,000 after purchasing an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 35.77% of the company’s stock.

About RGC Resources

RGC Resources, Inc (NASDAQ: RGCO) is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.