Atmos Energy Corporation which can be found using ticker (ATO) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 137 and 120 with the average target price sitting at $127.17. Given that the stocks previous close was at $114.34 this indicates there is a potential upside of 11.2%. The day 50 moving average is $114.48 and the 200 day MA is $112.65. The company has a market cap of $16,419m. You can visit the company’s website by visiting: https://www.atmosenergy.com
The potential market cap would be $18,262m based on the market consensus.
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers. As of September 30, 2022, it owned 73,243 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas; and provides ancillary services customary to the pipeline industryluding parking arrangements, lending, and inventory sales. As of September 30, 2022, it owned 5,652 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.
The company has a dividend yield of 2.58% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 20.3, revenue per share of 33.41 and a 2.77% return on assets.
