Sunday, September 20, 2020

Atmos Energy Corporation [ATO] Revenue clocked in at $2.79 billion, down -17.44% YTD: What’s Next?

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Atmos Energy Corporation [NYSE: ATO] closed the trading session at $92.35 on 09/15/20. The day’s price range saw the stock hit a low of $91.90, while the highest price level was $94.59. The company report on August 5, 2020 that Atmos Energy Corporation Reports Earnings for Fiscal 2020 Third Quarter; Affirms Fiscal 2020 Guidance.

Atmos Energy Corporation (NYSE: ATO) today reported consolidated results for its third fiscal quarter ended June 30, 2020.

Highlights.

The stocks have a year to date performance of -17.44 percent and weekly performance of -3.92 percent. The stock has been moved at -14.56 percent over the last six months. The stock has performed -11.63 percent around the most recent 30 days and changed -9.69 percent over the most recent 3-months.

If compared to the average trading volume of 838.87K shares, ATO reached to a volume of 1080720 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Atmos Energy Corporation [ATO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATO shares is $110.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for Atmos Energy Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 13, 2020. While these analysts kept the previous recommendation, UBS dropped their target price from $120 to $113. The new note on the price target was released on April 01, 2020, representing the official price target for Atmos Energy Corporation stock. Previously, the target price had yet another drop from $110 to $91, while Morgan Stanley kept a Equal-Weight rating on ATO stock.

The Average True Range (ATR) for Atmos Energy Corporation is set at 2.01, with the Price to Sales ratio for ATO stock in the period of the last 12 months amounting to 4.13. The Price to Book ratio for the last quarter was 1.76, with the Price to Cash per share for the same quarter was set at 1.67.

ATO stock trade performance evaluation

Atmos Energy Corporation [ATO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.92. With this latest performance, ATO shares dropped by -11.63% in over the last four-week period, additionally sinking by -14.56% over the last 6 months – not to mention a drop of -16.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATO stock in for the last two-week period is set at 25.93, with the RSI for the last a single of trading hit 18.78, and the three-weeks RSI is set at 30.60 for Atmos Energy Corporation [ATO]. The present Moving Average for the last 50 days of trading for this stock 101.06, while it was recorded at 93.96 for the last single week of trading, and 104.57 for the last 200 days.

Atmos Energy Corporation [ATO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Atmos Energy Corporation [ATO] shares currently have an operating margin of +25.71 and a Gross Margin at +35.19. Atmos Energy Corporation’s Net Margin is presently recorded at +17.61.

Return on Total Capital for ATO is now 8.22, given the latest momentum, and Return on Invested Capital for the company is 6.18. Return on Equity for this stock inclined to 9.71, with Return on Assets sitting at 3.82. When it comes to the capital structure of this company, Atmos Energy Corporation [ATO] has a Total Debt to Total Equity ratio set at 69.46. Additionally, ATO Total Debt to Total Capital is recorded at 40.99, with Total Debt to Total Assets ending up at 28.24. Long-Term Debt to Equity for the company is recorded at 61.38, with the Long-Term Debt to Total Capital now at 36.22.

Reflecting on the efficiency of the workforce at the company, Atmos Energy Corporation [ATO] managed to generate an average of $106,991 per employee. Receivables Turnover for the company is 11.99 with a Total Asset Turnover recorded at a value of 0.22.Atmos Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Atmos Energy Corporation [ATO] stock

With the latest financial reports released by the company, Atmos Energy Corporation posted 0.49/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Atmos Energy Corporation go to 7.25%.

Atmos Energy Corporation [ATO]: Insider Ownership positions

There are presently around $10,113 million, or 91.40% of ATO stock, in the hands of institutional investors. The top three institutional holders of ATO stocks are: VANGUARD GROUP INC with ownership of 15,112,005, which is approximately -1.775% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 12,820,719 shares of the stock with an approximate value of $1.18 billion in ATO stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $936.41 million in ATO stock with ownership of nearly 94.601% of the company’s market capitalization.

Positions in Atmos Energy Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 247 institutional holders increased their position in Atmos Energy Corporation [NYSE:ATO] by around 12,765,109 shares. Additionally, 272 investors decreased positions by around 8,785,557 shares, while 91 investors held positions by with 87,953,850 shares. The mentioned changes placed institutional holdings at 109,504,516 shares, according to the latest SEC report filing. ATO stock had 49 new institutional investments in for a total of 477,240 shares, while 69 institutional investors sold positions of 1,985,761 shares during the same period.

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