Atmos Energy Corp. (NYSE: ATO)’s stock price has decreased by -0.77 compared to its previous closing price of 125.90. However, the company has seen a 1.39% increase in its stock price over the last five trading sessions. zacks.com reported 2024-07-25 that Stocks like Atmos Energy Corporation (ATO), NiSource Inc. (NI), FirstEnergy Corp. (FE), Kimberly-Clark Corporation (KMB) and Limoneira Company (LMNR) are safe bets during this ongoing market volatility.
Is It Worth Investing in Atmos Energy Corp. (NYSE: ATO) Right Now?
Atmos Energy Corp. (NYSE: ATO) has a price-to-earnings ratio of 18.73x that is above its average ratio. Additionally, the 36-month beta value for ATO is 0.66. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ATO is 150.34M and currently, short sellers hold a 3.05% ratio of that float. The average trading volume of ATO on July 26, 2024 was 1.02M shares.
ATO’s Market Performance
ATO stock saw an increase of 1.39% in the past week, with a monthly gain of 7.21% and a quarterly increase of 5.28%. The volatility ratio for the week is 1.65%, and the volatility levels for the last 30 days are 1.57% for Atmos Energy Corp. (ATO). The simple moving average for the last 20 days is 4.71% for ATO stock, with a simple moving average of 8.66% for the last 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 “Overweight.” The predicted price for ATO in the upcoming period, according to Wells Fargo is $132 based on the research report published on May 14, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ATO reach a price target of $124. The rating they have provided for ATO stocks is “Neutral” according to the report published on April 12th, 2024.
Wells Fargo gave a rating of “Equal Weight” to ATO, setting the target price at $128 in the report published on August 28th of the previous year.
ATO Trading at 6.51% 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 -0.84% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +7.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.39% upper at present.
During the last 5 trading sessions, ATO rose by +1.39%, which changed the moving average for the period of 200-days by +15.09% in comparison to the 20-day moving average, which settled at $119.75. In addition, Atmos Energy Corp. saw 7.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATO starting from WALTERS DIANA J, who sale 400 shares at the price of $118.00 back on May 16 ’24. After this action, WALTERS DIANA J now owns 3,551 shares of Atmos Energy Corp., valued at $47,200 using the latest closing price.
COCKLIN KIM R, the Director of Atmos Energy Corp., sale 15,000 shares at $116.46 during a trade that took place back on Mar 27 ’24, which means that COCKLIN KIM R is holding 186,339 shares at $1,746,850 based on the most recent closing price.
Stock Fundamentals for ATO
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.54 for the gross margin
The net margin for Atmos Energy Corp. stands at 0.25. The total capital return value is set at 0.06. Equity return is now at value 9.16, with 4.41 for asset returns.
Based on Atmos Energy Corp. (ATO), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 7.47.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 6.44. The receivables turnover for the company is 6.8for 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 1.36.
Conclusion
In conclusion, Atmos Energy Corp. (ATO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
