In a report released yesterday, Shahriar Pourreza from Guggenheim reiterated a Sell rating on Northwest Gas (NWN), with a price target of $49. The company’s shares closed yesterday at $57.46, close to its 52-week low of $56.90.
According to TipRanks.com, Pourreza is a top 100 analyst with an average return of 13.0% and a 80.2% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Newjersey Resources Corp, American Electric Power, and Edison International.
The word on The Street in general, suggests a Hold analyst consensus rating for Northwest Gas with a $72 average price target.
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The company has a one-year high of $71.81 and a one-year low of $56.90. Currently, Northwest Gas has an average volume of 137.9K.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.
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Northwest Natural Holding Co. operates through its subsidiaries, which engages in the distribution of natural gas. The company is headquartered in Portland, OR.
