Maxim Group analyst Tate Sullivan initiated coverage with a Buy rating on Northwest Gas (NWN) today and set a price target of $72. The company’s shares opened today at $57.46, close to its 52-week low of $56.90.
Sullivan noted:
“We believe NWN can continue to grow both EPS and dividends as a result of above-average economic growth in Portland, Oregon and the surrounding area.”
According to TipRanks.com, Sullivan is ranked #3633 out of 5120 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Northwest Gas.
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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 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.
