Somewhat Positive Press Coverage Somewhat Unlikely to Affect Northwest Natural Gas (NWN) Share Price

Media coverage about Northwest Natural Gas (NYSE:NWN) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northwest Natural Gas earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.9634413512659 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Northwest Natural Gas (NWN) opened at $68.05 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.98 and a quick ratio of 0.69. The company has a market cap of $1,970.00, a price-to-earnings ratio of 31.09, a P/E/G ratio of 7.00 and a beta of 0.39. Northwest Natural Gas has a 52-week low of $56.53 and a 52-week high of $69.50.

Northwest Natural Gas (NYSE:NWN) last posted its earnings results on Friday, November 3rd. The utilities provider reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.01. The firm had revenue of $88.20 million for the quarter, compared to the consensus estimate of $91.19 million. Northwest Natural Gas had a net margin of 8.32% and a return on equity of 7.31%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. research analysts predict that Northwest Natural Gas will post 2.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, October 30th. Northwest Natural Gas’s dividend payout ratio (DPR) is 85.91%.

Separately, Zacks Investment Research raised shares of Northwest Natural Gas from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.33.

In related news, Director Martha L. Byorum sold 1,202 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $64.88, for a total value of $77,985.76. Following the transaction, the director now directly owns 1,202 shares of the company’s stock, valued at approximately $77,985.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.48% of the company’s stock.

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Northwest Natural Gas Company Profile

Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.

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