The price-to-earnings ratio for Atmos Energy Corp (NYSE: ATO) is above average at 21.33x. The 36-month beta value for ATO is also noteworthy at 0.68. 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.”
The public float for ATO is 154.67M, and at present, short sellers hold a 3.14% of that float. The average trading volume of ATO on November 15, 2024 was 787.16K shares.
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ATO) stock’s latest price update
Atmos Energy Corp (NYSE: ATO)’s stock price has plunge by 0.57relation to previous closing price of 144.34. Nevertheless, the company has seen a 0.67% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that ATO makes a strong case for investment, given its growth prospects, better debt management, liquidity and ability to increase shareholders’ value.
ATO’s Market Performance
ATO’s stock has risen by 0.67% in the past week, with a monthly rise of 0.97% and a quarterly rise of 12.17%. The volatility ratio for the week is 1.70% while the volatility levels for the last 30 days are 1.52% for Atmos Energy Corp The simple moving average for the last 20 days is 2.28% for ATO stock, with a simple moving average of 16.93% for the last 200 days.
Analysts’ Opinion of ATO
Many brokerage firms have already submitted their reports for ATO stocks, with Jefferies repeating the rating for ATO by listing it as a “Hold.” The predicted price for ATO in the upcoming period, according to Jefferies is $155 based on the research report published on October 02, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see ATO reach a price target of $144. The rating they have provided for ATO stocks is “Buy” according to the report published on September 09th, 2024.
Wells Fargo gave a rating of “Overweight” to ATO, setting the target price at $132 in the report published on May 14th of the current year.
ATO Trading at 3.89% 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 -2.18% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares surge +0.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.58% upper at present.
During the last 5 trading sessions, ATO rose by +0.31%, which changed the moving average for the period of 200-days by +24.92% in comparison to the 20-day moving average, which settled at $141.90. In addition, Atmos Energy Corp saw 25.25% 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 Geiser Edward, who purchase 2,500 shares at the price of $144.89 back on Nov 11 ’24. After this action, Geiser Edward now owns 2,602 shares of Atmos Energy Corp, valued at $362,225 using the latest closing price.
WALTERS DIANA J, the Director of Atmos Energy Corp, sale 400 shares at $118.00 during a trade that took place back on May 16 ’24, which means that WALTERS DIANA J is holding 3,551 shares at $47,200 based on the most recent closing price.
Stock Fundamentals for ATO
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.5 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 9.01, with 4.40 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 7.35.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 3.52. When we switch over and look at the enterprise to sales, we see a ratio of 7.28. The receivables turnover for the company is 10.46for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In summary, Atmos Energy Corp (ATO) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
