Atmos Energy Corporation – Consensus ‘buy’ rating and 8.1% Upside Potential

Broker Ratings
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Atmos Energy Corporation with ticker code (ATO) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $133.00 and $114.00 calculating the mean target price we have $121.89. Given that the stocks previous close was at $112.76 and the analysts are correct then there would likely be a percentage uptick in value of 8.1%. It’s also worth noting that there is a 50 day moving average of $114.51 and the 200 day moving average is $114.63. The total market capitalization for the company now stands at 16.84B. The stock price is currently at: $111.62 USD

The potential market cap would be $18,200,007,728 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 17.83, revenue per share of $26.85 and a 3.07% return on assets.

Atmos Energy Corporation is engaged in the regulated natural gas distribution and pipeline and storage businesses. The Company distributes natural gas through sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers throughout its six distribution divisions. It also transports natural gas for others through its distribution and pipeline systems. It operates through two segments: Distribution and Pipeline and Storage. The Distribution segment includes its regulated natural gas distribution and related sales operations in eight states. Its Pipeline and Storage segment consists of the pipeline and storage operations of its Atmos Pipeline-Texas Division (APT) and its natural gas transmission operations in Louisiana. APT provides transportation and storage services to its Mid-Tex Division, other third-party local distribution companies, industrial and electric generation customers, as well as marketers and producers.

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