Trade-Ideas LLC identified

Piedmont Natural Gas

(

PNY

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Piedmont Natural Gas as such a stock due to the following factors:

  • PNY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.6 million.
  • PNY has traded 30.895499999999998408384271897375583648681640625 options contracts today.
  • PNY is making at least a new 3-day high.
  • PNY has a PE ratio of 33.
  • PNY is mentioned 0.68 times per day on StockTwits.
  • PNY has not yet been mentioned on StockTwits today.
  • PNY is currently in the upper 20% of its 1-year range.
  • PNY is in the upper 35% of its 20-day range.
  • PNY is in the upper 45% of its 5-day range.
  • PNY is currently trading above yesterday's high.

TheStreet Recommends

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on PNY:

Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas in the United States. It operates in three segments: Regulated Utility, Regulated Non-Utility Activities, and Unregulated Non-Utility Activities. The stock currently has a dividend yield of 2.3%. PNY has a PE ratio of 33. Currently there are no analysts that rate Piedmont Natural Gas a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Piedmont Natural Gas has been 670,700 shares per day over the past 30 days. Piedmont Natural Gas has a market cap of $4.6 billion and is part of the utilities sector and utilities industry. The stock has a beta of 1.28 and a short float of 1.3% with 2.82 days to cover. Shares are up 0.6% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Piedmont Natural Gas as a

buy

. Among the primary strengths of the company is its solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, PNY's share price has jumped by 46.85%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PNY should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • PIEDMONT NATURAL GAS CO's earnings per share declined by 11.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PIEDMONT NATURAL GAS CO increased its bottom line by earning $1.86 versus $1.82 in the prior year. This year, the market expects an improvement in earnings ($1.99 versus $1.86).
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 9.0%. Since the same quarter one year prior, revenues slightly dropped by 3.6%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Gas Utilities industry average. The net income has decreased by 12.5% when compared to the same quarter one year ago, dropping from -$7.34 million to -$8.26 million.
  • The gross profit margin for PIEDMONT NATURAL GAS CO is rather low; currently it is at 19.24%. Regardless of PNY's low profit margin, it has managed to increase from the same period last year.

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