RGC Resources (NASDAQ:RGCO) Announces Quarterly Earnings Results

RGC Resources (NASDAQ:RGCO) posted its quarterly earnings data on Monday. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01, Zacks reports. RGC Resources had a return on equity of 10.91% and a net margin of 13.90%.

RGC Resources Stock Performance

RGCO stock opened at $21.40 on Wednesday. The business’s fifty day moving average is $20.45 and its 200-day moving average is $20.73. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 1.26. The company has a market cap of $219.56 million, a P/E ratio of 18.45 and a beta of 0.18. RGC Resources has a twelve month low of $18.25 and a twelve month high of $24.20.

RGC Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 17th were paid a $0.2075 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.88%. This is an increase from RGC Resources’s previous quarterly dividend of $0.20. RGC Resources’s dividend payout ratio is 71.55%.

Analyst Ratings Changes

Separately, StockNews.com raised RGC Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.