As of Friday close, Atmos Energy Corporation’s (NYSE:ATO) stock was up $0.28, moving up 0.24 percent to $116.96. The average number of shares traded per day over the past five days has been 609,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.50 fall in that time frame. In the last twenty days, the average volume was 782,305, while in the previous 50 days, it was 730,788.
Since last month, ATO stock retreated -4.27%. Shares of the company fell to $114.52 on 08/15/23, the lowest level in the past month. A 52-week high of $125.28 was reached on 07/26/23 after having rallying from a 52-week low of $97.71. Since the beginning of this year, ATO’s stock price has risen by 4.36% or $4.89, and marked a new high 11 times. However, the stock has declined by -6.64% since its 52-week high.
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Sponsored
ATO stock investors should be aware that Atmos Energy Corporation (ATO) stock had its last reported insider trading activity 12 days ago on Aug 07. COCKLIN KIM R, the Director of the company, disposed of 12,500 shares for $117.44 on Aug 07. It resulted in a $1,467,981 divestment by the insider. WALTERS DIANA J sold 390 shares at an average price of $117.50 on May 05. The insider now owns 2,584 shares following the transaction. On May 01, Director COCKLIN KIM R sold 12,500 shares at $114.54 apiece. The transaction was valued at $1,431,696.
Valuation Metrics
Right now, Atmos Energy Corporation (ATO) has a P/E ratio of about 20.21. The stock’s beta is 0.62. Besides these, the trailing price-to-sales (P/S) ratio of 3.92, the price-to-book (PB) ratio of 1.61, and the price-to-cash flow ratio of 13.03 may also be considered.
The latest dividend of $0.74 per share was paid out, remained unchanged from last year’s $0.74.
Financial Health
In the three months ended June 30, Atmos Energy Corporation’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.63, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 62.80% percent. In the year ended June 30, EBITDA margin amounted to 34.67%, whereas operating margins totaled 28.00%. Based on annual data, ATO earned $920.98 million in gross profit and brought in $4.2 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.80%. Return on equity (ROE) for the past 12 months was 10.40%.
In Atmos Energy Corporation’s quarter-end financial report for June 30, it reported total debt of $6.55 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ATO’s revenue fell -23.19% to $1.54 billion during the quarter, while net income inched up to $662.73 million. While analysts expected Atmos Energy Corporation to report $0.99 quarterly earnings, the actual figure was $0.94 per share, beating the consensus estimate by -5.10%. During the quarter, the company generated $319.98 million in EBITDA. The liabilities of Atmos Energy Corporation were 11.17 billion at the end of its most recent quarter ended June 30, and its total debt was $6.65 billion. The value of shareholders’ equity is $148.46 million.
Technical Picture
This quick technical analysis looks at Atmos Energy Corporation’s (ATO) price momentum. With a historical volatility rate of 12.15%, the RSI 9-day stood at 44.20% on 18 August.
With respect to its five-day moving average, the current Atmos Energy Corporation price is down by -0.43% percent or -$0.50. At present, ATO shares trade -5.13% below its 20-day simple moving average and +6.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.15% below its SMA50 and +9.77% above its SMA200.
Stochastic coefficient K was 22.65% and Stochastic coefficient D was 14.60%, while ATR was 2.02. Given the Stochastic reading of 29.33% for the 14-day period, the RSI (14) reading has been calculated as 44.61%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -1.10.
Analyst Ratings
Atmos Energy Corporation downgraded its rating on Atmos Energy Corporation (NYSE: ATO) to a Neutral in a note to investors on May 13, 2022. The analysts firm previously had a Buy rating on the stock.Atmos Energy Corporation (ATO) has been rated Overweight by analysts. According to 0 brokerage firms, ATO is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Atmos Energy Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $130.50, the current consensus forecast for the stock is $125.00 – $137.00. Based on these forecasts, analysts predict Atmos Energy Corporation (ATO) will achieve an average price target of $130.17.
