Northwest Natural Gas Co (NWN) is Downgraded by Hilliard Lyons to Underperform

Northwest Natural Gas Co (NWN) was Downgraded by Hilliard Lyons to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Hilliard Lyons advised their investors in a research report released on May 26, 2016.

Many Wall Street Analysts have commented on Northwest Natural Gas Co. Northwest Natural Gas Co was Initiated by Sidoti to “Buy” on Apr 25, 2016.

On the company’s financial health, Northwest Natural Gas Co reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.25. The company had revenue of $255.50 million for the quarter, compared to analysts expectations of $228.45 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.

Northwest Natural Gas Co closed down -0.59 points or -1.06% at $55.12 with 1,15,479 shares getting traded on Wednesday. Post opening the session at $55.64, the shares hit an intraday low of $55 and an intraday high of $55.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 19, 2016, Ngoni Murandu (VP & CIO) sold 198 shares at $55.44 per share price. According to the SEC, on May 12, 2016, Gregg S Kantor (CEO) sold 1,000 shares at $56.86 per share price. On Mar 15, 2016, David R Williams (Vice President) sold 2,000 shares at $51.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Northwest Natural Gas Company is engaged in the distribution of natural gas. The Company operates in two business segments: Local Gas Distribution and Gas Storage. The Company maintains operations in Oregon Washington and California and conducts businesses through NW Natural and its subsidiaries. The local gas distribution business referred to as the utility segment serves residential commercial and industrial customers in Oregon and southwest Washington; and the gas storage business referred to as the gas storage segment provides storage services for utilities gas marketers electric generators and industrial users from storage facilities located in Oregon and California. As of December 31 2014 the Company had 700000 customers with around 89% located in Oregon and 11% located in Washington. It provides natural gas service to over 100 cities in around 18 counties.

Northwest Natural Gas Co

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