Merrill Lynch analyst Richard Ciciarelli maintained a Sell rating on Northwest Natural Gas on Thursday, setting a price target of $47, which is approximately 2.16% below the present share price of $48.04.
Ciciarelli expects Northwest Natural Gas to post earnings per share (EPS) of -$0.16 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Northwest Gas (NYSE:NWN), with an average price target of $58.2.
The analysts price targets range from a high of $74 to a low of $47.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $134.97 million and a net profit of $8.94 million. The company's market cap is $1.47 billion.
According to TipRanks.com, Merrill Lynch analyst Richard Ciciarelli is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of -0.3% and a 66.67% success rate.
Northwest Natural Holding Co. operates through its subsidiaries, which engages in the local distribution of gas and water. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.