The price-to-earnings ratio for Atmos Energy Corp. (NYSE: ATO) is above average at 18.16x, Company’s 36-month beta value is 0.67.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for ATO is 150.33M, and currently, short sellers hold a 2.51% ratio of that floaft. The average trading volume of ATO on April 12, 2024 was 852.16K shares.
ATO) stock’s latest price update
The stock price of Atmos Energy Corp. (NYSE: ATO) has dropped by -0.61 compared to previous close of 115.08. Despite this, the company has seen a fall of -1.51% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-11 that Inflation has started its climb, raising concerns over the Federal Reserve’s plans for rate cuts. It would be wise to invest in utilities and consumer staples stocks such as ATO, AWK, GWRS and LANC.
ATO’s Market Performance
Atmos Energy Corp. (ATO) has experienced a -1.51% fall in stock performance for the past week, with a -1.84% drop in the past month, and a -3.10% drop in the past quarter. The volatility ratio for the week is 1.21%, and the volatility levels for the past 30 days are at 1.43% for ATO.. The simple moving average for the past 20 days is -1.75% for ATO’s stock, with a -0.11% simple moving average for the past 200 days.
Analysts’ Opinion of ATO
Many brokerage firms have already submitted their reports for ATO stocks, with Wells Fargo repeating the rating for ATO by listing it as a “Equal Weight.” The predicted price for ATO in the upcoming period, according to Wells Fargo is $128 based on the research report published on August 28, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see ATO reach a price target of $122. The rating they have provided for ATO stocks is “Equal Weight” according to the report published on August 23rd, 2023.
Goldman gave a rating of “Neutral” to ATO, setting the target price at $113 in the report published on May 13th of the previous year.
ATO Trading at -0.39% from the 50-Day Moving Average
After a stumble in the market that brought ATO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.70% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares sank -1.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.11% lower at present.
During the last 5 trading sessions, ATO fell by -1.51%, which changed the moving average for the period of 200-days by -1.69% in comparison to the 20-day moving average, which settled at $116.32. In addition, Atmos Energy Corp. saw -1.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATO starting from COCKLIN KIM R, who sale 15,000 shares at the price of $116.46 back on Mar 27 ’24. After this action, COCKLIN KIM R now owns 186,339 shares of Atmos Energy Corp., valued at $1,746,850 using the latest closing price.
THOMAS RICHARD M, the VICE PRESIDENT & CONTROLLER of Atmos Energy Corp., sale 1,750 shares at $114.20 during a trade that took place back on Nov 17 ’23, which means that THOMAS RICHARD M is holding 2,650 shares at $199,850 based on the most recent closing price.
Stock Fundamentals for ATO
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.56 for the gross margin
The net margin for Atmos Energy Corp. stands at 0.23. The total capital return value is set at 0.05. Equity return is now at value 8.76, with 3.93 for asset returns.
Based on Atmos Energy Corp. (ATO), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 7.51.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 6.21. The receivables turnover for the company is 6.11for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In a nutshell, Atmos Energy Corp. (ATO) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
