Revenue Update on Gas Natural Inc(NYSEMKT:EGAS)

Gas Natural Inc(NYSEMKT:EGAS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $17.03M. Analysts estimated a revenue of $15.96M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.16.

Gas Natural Inc (EGAS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.54% or 0.04 points. Due to strong positive momentum, the stock ended at $7.43, which is also near the day’s high of $7.44. The stock began the session at $7.4 and the volume stood at 28,760 shares. The 52-week high of the shares is $9.46 and the 52 week low is $6.5. The company has a current market capitalization of $78 M and it has 1,05,15,834 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Robert B Johnston (director) purchased 2,549 shares at $6.87 per share price.Also, On May 18, 2016, James E Sprague (CFO) purchased 2,500 shares at $7.10 per share price.On May 13, 2016, Michael R Winter (director) purchased 2,000 shares at $7.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Gas Natural Inc. is a natural gas company. The Company operates local distribution companies in six states and serves approximately 68000 customers in total. The Company operates through the following segments: Natural Gas Operations Marketing and Production and Corporate and Other. The Company’s Natural Gas Operations segment annually distributes approximately 26 billion cubic feet (Bcf) of natural gas to its customers through regulated utilities operating in Kentucky Maine Montana North Carolina Ohio and Pennsylvania. The Company’s Marketing and Production segment annually markets approximately 1.3 Bcf of natural gas to commercial and industrial customers in Montana Wyoming Ohio and Pennsylvania through the Company’s subsidiaries Energy West Resources Inc. and Gas Natural Resources LLC.

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