NEW YORK (

TheStreet

)

-- Eastern American Natural Gas

(NYSE:

NGT

) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Eastern American Natural Gas Trust, a grantor trust, engages in acquiring and holding net profits interests in gas properties. The company has a P/E ratio of 23.8, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 23.2. Eastern American Natural Gas has a market cap of $140.2 million and is part of the

financial

sector and

financial services

industry. Shares are up 4.7% year to date as of the close of trading on Tuesday.

You can view the full

Eastern American Natural Gas Ratings Report

or get investment ideas from our

investment research center

.

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