RGC Resources (NASDAQ:RGCO) Issues Earnings Results

RGC Resources (NASDAQ:RGCO) released its earnings results on Monday. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05), Zacks reports. The company had revenue of $14.46 million during the quarter, compared to analyst estimates of $14.00 million. RGC Resources had a return on equity of 12.66% and a net margin of 15.82%. During the same period in the prior year, the business posted $0.07 earnings per share.

RGC Resources Stock Down 1.8 %

Shares of NASDAQ RGCO traded down $0.35 on Wednesday, hitting $19.40. The company had a trading volume of 27,104 shares, compared to its average volume of 15,815. The firm has a market capitalization of $197.49 million, a P/E ratio of 15.19 and a beta of 0.16. The company has a quick ratio of 1.00, a current ratio of 1.31 and a debt-to-equity ratio of 1.23. RGC Resources has a 12-month low of $15.36 and a 12-month high of $23.70. The business has a 50 day moving average of $20.70 and a two-hundred day moving average of $20.15.

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.