Revenue Update on Atmos Energy Corporation(NYSE:ATO)

Atmos Energy Corporation(NYSE:ATO) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $632.92M. Analysts estimated a revenue of $718.75M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.58.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on Atmos Energy Corporation. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Neutral’ by the firm.

Atmos Energy Corporation (ATO) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.12% at a volume of 1,76,629. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78. The peak price level was also seen at $78 while the days lowest was $77.15. Finally the shares closed at $77.26. The 52-week high of the shares is $81.97 while the 52-week low is $52.08. According to the latest information available, the market cap of the company is $8,023 M.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Marvin L Sweetin (SR VP, Safety & Enterprise Ser) sold 4,000 shares at $74.16 per share price.Also, On Dec 7, 2015, Christopher T Forsythe (Vice President and Controller) sold 3,000 shares at $62.00 per share price.On Feb 10, 2015, Louis P Gregory (Sr VP, GC & Corp. Secretary) sold 1,000 shares at $54.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential commercial public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates through the following three segments: The regulated distribution segment which includes regulated distribution and related sales operations; the regulated pipeline segment which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment which includes nonregulated natural gas management nonregulated natural gas transmission storage and other services.

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