Revenue Update on Unitil Corporation(NYSE:UTL)

Unitil Corporation(NYSE:UTL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $74.50M. Analysts estimated a revenue of $79.90M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.13.

In a different note, On Apr 25, 2016, RBC Capital said it Upgrades its rating on Unitil Corporation. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Sector Perform’ by the firm.

Unitil Corporation (UTL) shares turned negative on Wednesdays trading session with the shares closing down -0.11 points or -0.25% at a volume of 36,451. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.6. The peak price level was also seen at $43.6 while the days lowest was $43.26. Finally the shares closed at $43.27. The 52-week high of the shares is $44.0286 while the 52-week low is $33.75. According to the latest information available, the market cap of the company is $608 M.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Albert H Iii Elfner (director) purchased 500 shares at $38.99 per share price.Also, On Mar 24, 2016, David P Brownell (director) purchased 500 shares at $41.24 per share price.On Jun 4, 2015, Michael B Green (director) purchased 355 shares at $33.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts. It has three distribution utility subsidiaries Unitil Energy which operates in New Hampshire Fitchburg which operates in Massachusetts and Northern Utilities which operates in New Hampshire and Maine.

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