Maxim Group analyst Tate Sullivan maintained a Buy rating on Northwest Gas (NWN) today and set a price target of $72. The company’s shares closed on Friday at $64.90.
Sullivan wrote:
“We maintain our Buy rating, $72 price target and annual EPS estimates after NWN reported 4Q18 operating EPS of $1.27, above our $1.24 forecast and the $1.20 consensus.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 9.0% and a 73.5% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.
Northwest Gas has an analyst consensus of Hold, with a price target consensus of $60.67.
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Based on Northwest Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.79 million. In comparison, last year the company had a GAAP net loss of $90.17 million.
Based on the recent corporate insider activity of 54 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.
