Trade-Ideas LLC identified

AGL Resources

(

GAS

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified AGL Resources as such a stock due to the following factors:

  • GAS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.7 million.
  • GAS has traded 108,628 shares today.
  • GAS is trading at a new lifetime high.

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More details on GAS:

AGL Resources Inc., an energy services holding company, distributes natural gas to residential, commercial, industrial, and government clients in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The stock currently has a dividend yield of 4.2%. GAS has a PE ratio of 15. Currently there is 1 analyst that rates AGL Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for AGL Resources has been 591,300 shares per day over the past 30 days. AGL has a market cap of $5.9 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.33 and a short float of 1.3% with 2.55 days to cover. Shares are down 10.9% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates AGL Resources as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • Net operating cash flow has increased to $365.00 million or 13.35% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 2.39%.
  • GAS, with its decline in revenue, slightly underperformed the industry average of 19.2%. Since the same quarter one year prior, revenues fell by 24.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The change in net income from the same quarter one year ago has significantly exceeded that of the Gas Utilities industry average, but is less than that of the S&P 500. The net income has significantly decreased by 27.6% when compared to the same quarter one year ago, falling from $58.00 million to $42.00 million.
  • AGL RESOURCES INC's earnings per share declined by 27.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, AGL RESOURCES INC increased its bottom line by earning $4.72 versus $2.45 in the prior year. For the next year, the market is expecting a contraction of 36.6% in earnings ($2.99 versus $4.72).

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