In a report issued on August 13, Mark Levin from Seaport Global reiterated a Buy rating on Atmos Energy Corp (NYSE: ATO), with a price target of $98. The company’s shares opened today at $94.18, close to its 52-week high of $94.21.
According to TipRanks.com, Levin is a 3-star analyst with an average return of 6.9% and a 67.4% success rate. Levin covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, Suncoke Energy Inc, and Alliance Resource.
Currently, the analyst consensus on Atmos Energy Corp is a Moderate Sell with an average price target of $90.
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Based on Atmos Energy Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $71.13 million. In comparison, last year the company had a net profit of $70.73 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Richard W. Douglas, an Insider at ATO bought 37,739 shares for a total of $3,479,158.
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Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates its business through the following business segments: Distribution, Pipeline and Storage, and Natural Gas Marketing. The Distribution segment comprises regulated natural gas distribution and related sales operations in eight states.
