Atmos Energy Corp. [ATO] stock prices are up 0.34% to $115.59 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ATO shares have gain 2.37% over the last week, with a monthly amount glided 3.38%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Atmos Energy Corporation Reports Earnings for Fiscal 2024 First Quarter; Affirms Fiscal 2024 Guidance. In a post published today on Yahoo Finance, Atmos Energy Corporation (NYSE: ATO) today reported consolidated results for its first fiscal quarter ended December 31, 2023. This news release should be read in conjunction with our Form 10-Q and earnings slides which are concurrently being posted at www.atmosenergy.com.
From an analyst’s perspective:
Atmos Energy Corp. [NYSE: ATO] stock has seen the most recent analyst activity on August 28, 2023, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $128 from $132. Previously, Barclays started tracking the stock with Equal Weight rating on August 23, 2023, and set its price target to $122. On May 13, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $113 on the stock. Credit Suisse started tracking the stock assigning a Outperform rating and suggested a price target of $133 on April 26, 2022. BofA Securities upgraded its rating to a Buy and raised its price target to $107 on December 15, 2021. Barclays upgraded its rating to Equal Weight for this stock on December 13, 2021, and upped its price target to $101. In a note dated October 11, 2021, Argus downgraded an Hold rating on this stock.
The stock price of Atmos Energy Corp. [ATO] has been fluctuating between $101.00 and $125.28 over the past year. Currently, Wall Street analysts expect the stock to reach $122.5 within the next 12 months. Atmos Energy Corp. [NYSE: ATO] shares were valued at $115.59 at the most recent close of the market. An investor can expect a potential return of 5.98% based on the average ATO price forecast.
Analyzing the ATO fundamentals
The Atmos Energy Corp. [NYSE:ATO] reported sales of 3.95B for trailing twelve months, representing a drop of -21.94%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 114.97 points at the first support level, and at 114.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.41, and for the 2nd resistance point, it is at 117.24.
Atmos Energy Corp. [ATO] reported earnings per share of $2.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.05/share, meaning a difference of $0.03 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.8 per share as compared to estimates of $0.72 per share, a difference of $0.08 representing a surprise of 11.10%.
Ratios To Look Out For
It’s worth pointing out that Atmos Energy Corp. [NYSE:ATO]’s Current Ratio is 1.44. In addition, the Quick Ratio stands at 1.25 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 4.41, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 18.35.
Transactions by insiders
Recent insider trading involved THOMAS RICHARD M, VICE PRESIDENT & CONTROLLER, that happened on Nov 17 ’23 when 1750.0 shares were sold. Director, COCKLIN KIM R completed a deal on Nov 06 ’23 to sell 12500.0 shares. Meanwhile, Director COCKLIN KIM R sold 12500.0 shares on Aug 07 ’23.
