Northwest Natural Gas Company (NWN) on Focus After Forming Bullish Inverse Head & Shoulders Chart Pattern

July 14, 2018 - By Eugene Smith

Northwest Natural Gas Company (NYSE:NWN) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.29, from 1.32 in 2017Q4. It turned negative, as 25 investors sold Northwest Natural Gas Company shares while 53 reduced holdings. 22 funds opened positions while 58 raised stakes. 18.95 million shares or 1.53% more from 18.67 million shares in 2017Q4 were reported.
Fisher Asset Management Ltd Company invested 0.02% in Northwest Natural Gas Company (NYSE:NWN). Ubs Asset Americas Incorporated holds 0% in Northwest Natural Gas Company (NYSE:NWN) or 34,126 shares. Louisiana State Employees Retirement Systems holds 12,800 shares or 0.03% of its portfolio. Piedmont Invest Advsr Ltd Liability owns 0.01% invested in Northwest Natural Gas Company (NYSE:NWN) for 6,145 shares. Huntington Bancshares has 0% invested in Northwest Natural Gas Company (NYSE:NWN) for 3,000 shares. Legal & General Gru Public Limited Com has 157,791 shares. 9,280 were accumulated by State Of Alaska Department Of Revenue. Usca Ria Lc holds 0.04% of its portfolio in Northwest Natural Gas Company (NYSE:NWN) for 6,000 shares. Macquarie Group owns 4,200 shares or 0% of their US portfolio. Advisory Services Net Ltd Limited Liability Company reported 0% of its portfolio in Northwest Natural Gas Company (NYSE:NWN). Teachers Retirement System Of The State Of Kentucky holds 8,433 shares or 0.01% of its portfolio. Swiss Bancorp owns 49,900 shares. Pub Employees Retirement Sys Of Ohio reported 0% in Northwest Natural Gas Company (NYSE:NWN). Destination Wealth Mgmt reported 1,333 shares. Amalgamated Natl Bank reported 4,045 shares.

Since February 26, 2018, it had 1 buy, and 2 selling transactions for $36,066 activity. $53,375 worth of Northwest Natural Gas Company (NYSE:NWN) was sold by Peverett Jane L on Monday, February 26. The insider GIBSON C SCOTT sold $90,367.

The stock of Northwest Natural Gas Company (NWN) formed H&SI with $68.80 price target or 7.00 % above the current $64.30 share price. The 6 months Head & Shoulders Inverse reveals low risk for the $1.85 billion company. This trade was featured by Faxor.com on Jul, 14. If the $68.80 target price is reached, the company’s valuation will be $129.57 million more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock decreased 0.69% or $0.45 during the last trading session, reaching $64.3. About 101,210 shares traded. Northwest Natural Gas Company (NYSE:NWN) has declined 3.27% since July 14, 2017 and is downtrending. It has underperformed by 15.84% the S&P500.

Analysts await Northwest Natural Gas Company (NYSE:NWN) to report earnings on August, 1. They expect $0.04 EPS, down 60.00 % or $0.06 from last year’s $0.1 per share. NWN’s profit will be $1.15 million for 401.88 P/E if the $0.04 EPS becomes a reality. After $1.44 actual EPS reported by Northwest Natural Gas Company for the previous quarter, Wall Street now forecasts -97.22 % negative EPS growth.

Northwest Natural Gas Company (NYSE:NWN) Ratings Coverage

Among 3 analysts covering Northwest Gas (NYSE:NWN), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Northwest Gas had 4 analyst reports since February 1, 2018 according to SRatingsIntel. The stock of Northwest Natural Gas Company (NYSE:NWN) has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. On Tuesday, February 27 the stock rating was upgraded by Hilliard Lyons to “Hold”. The stock of Northwest Natural Gas Company (NYSE:NWN) has “Market Perform” rating given on Monday, March 5 by Wells Fargo. The stock of Northwest Natural Gas Company (NYSE:NWN) has “Underperform” rating given on Monday, February 26 by Wells Fargo.

More recent Northwest Natural Gas Company (NYSE:NWN) news were published by: Globenewswire.com which released: “NW Natural Announces Dividend” on July 05, 2018. Also Nasdaq.com published the news titled: “NW Natural Schedules Earnings Release and Conference Call for Tuesday, August 7” on July 06, 2018. Globenewswire.com‘s news article titled: “NW Natural Signs Agreement to Sell Gill Ranch Storage LLC” with publication date: June 22, 2018 was also an interesting one.

Northwest Natural Gas Company stores and distributes natural gas in the United States. The company has market cap of $1.85 billion. The firm operates in two divisions, Local Gas Distribution and Gas Storage. It currently has negative earnings. The Local Gas Distribution segment engages in the purchase, sale, and delivery of natural gas and related services to residential, commercial, and industrial clients in Oregon and southwest Washington.

Northwest Natural Gas Company (NYSE:NWN) Institutional Positions Chart

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