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Gas Natural (EGAS) Falls: Stock Goes Down 6.4%

Zacks Equity Research

Gas Natural Inc. (EGAS) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for EGAS, as the stock is now down nearly 15% since Jul 29.

Although this slump was obviously disappointing, the current year earnings consensus has moved higher over the past few weeks for this natural gas distributor. This suggests that the recent slump might be a temporary blip on the radar for EGAS. So make sure to keep an eye on this stock going forward to see if last day’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

EGAS currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Utilities sector include AGL Resources Inc. (GAS), Northwest Natural Gas Company (NWN) and WGL Holdings Inc. (WGL). All these stocks holds a Zacks Rank #2 (Buy).

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GAS NATURAL INC (EGAS): Free Stock Analysis Report

AGL RESOURCES INC (GAS): Free Stock Analysis Report

WGL HOLDINGS INC (WGL): Free Stock Analysis Report

NORTHWEST NATURAL GAS (NWN): Free Stock Analysis Report

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