Gas Natural Inc (EGAS) was Downgraded by Wunderlich to ” Sell” and the brokerage firm has set the Price Target at $9.50. Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on Oct 11, 2016.
Gas Natural Inc opened for trading at $7.65 and hit $7.68 on the upside on Friday, eventually ending the session at $7.68, with a gain of 1.32% or 0.1 points. The heightened volatility saw the trading volume jump to 17,116 shares. Company has a market cap of $81 M.
In a different news, on May 23, 2016, Robert B Johnston (director) purchased 2,549 shares at $6.87 per share price. According to the SEC, on May 18, 2016, James E Sprague (CFO) purchased 2,500 shares at $7.10 per share price. On May 13, 2016, Michael R Winter (director) purchased 2,000 shares at $7.13 per share price, according to the Form-4 filing with the securities and exchange commission.
Gas Natural Inc. is a natural gas company. The Company operates local distribution companies in six states and serves approximately 68000 customers in total. The Company operates through the following segments: Natural Gas Operations Marketing and Production and Corporate and Other. The Company’s Natural Gas Operations segment annually distributes approximately 26 billion cubic feet (Bcf) of natural gas to its customers through regulated utilities operating in Kentucky Maine Montana North Carolina Ohio and Pennsylvania. The Company’s Marketing and Production segment annually markets approximately 1.3 Bcf of natural gas to commercial and industrial customers in Montana Wyoming Ohio and Pennsylvania through the Company’s subsidiaries Energy West Resources Inc. and Gas Natural Resources LLC.