Northwest Gas (NWN) Gets a Buy Rating from Maxim Group


In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on Northwest Gas (NWN), with a price target of $72. The company’s shares closed yesterday at $69.32.

Sullivan commented:

“We believe NWN’s 1Q19 operating EPS of $1.73, which was above our $1.42 forecast and the $1.39 consensus, and unchanged 2019 operating EPS guidance of $2.25-$2.45 together imply lower EPS for the rest of 2019.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.1% and a 69.8% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.

The word on The Street in general, suggests a Hold analyst consensus rating for Northwest Gas with a $69.50 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 115.6K.

Based on the recent corporate insider activity of 61 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 local distribution of gas and water. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.

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