Short Term Price Target on AGL Resources (GAS)

AGL Resources (NYSE:GAS) : The highest level AGL Resources (NYSE:GAS) is projected to reach is $66 for the short term and the lowest estimate is at $50. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $60.67 and the possibility the share price can swing is $9.24.

AGL Resources Inc. has dropped 0.02% in the last five trading days, however, the shares have posted positive gains of 0.63% in the last 4 weeks. AGL Resources Inc. is up 1.52% in the last 3-month period. Year-to-Date the stock performance stands at 5.08%.

AGL Resources (NYSE:GAS) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AGL Resources (NYSE:GAS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

AGL Resources (NYSE:GAS): The stock opened at $65.98 on Thursday but the bulls could not build on the opening and the stock topped out at $66.00 for the day. The stock traded down to $65.97 during the day, due to lack of any buying support eventually closed down at $65.97 with a loss of -0.03% for the day. The stock had closed at $65.99 on the previous day. The total traded volume was 8,500,560 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Evans Andrew W, director officer (President & CEO) of Agl Resources Inc, had unloaded 9,084 shares at an average price of $66.17 in a transaction dated on May 9, 2016. The total value of the transaction was worth $601,088.

AGL Resources Inc. (AGL Resources) is an energy services holding company engaged in the distribution of natural gas. The Company operates in four operating segments: distribution operations, retail operations, wholesale services and midstream operations. The Companys distribution operations segment operates, constructs and maintains around 80,700 miles of natural gas pipeline and 14 storage facilities to provide natural gas to residential, commercial and industrial customers. The retail operations segment provides natural gas commodity and related services. The wholesale services segment is engaged in natural gas storage, gas pipeline arbitrage and provides natural gas asset management and related logistics services for its utilities, as well as for non-affiliated companies. Midstream operations segment consists of the operations of natural gas storage facilities and select pipelines.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.