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 $30.8 million.
  • PNY has traded 8.5223999999999993093524608411826193332672119140625 options contracts today.
  • PNY is making at least a new 3-day high.
  • PNY has a PE ratio of 34.
  • PNY is mentioned 0.97 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.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in PNY with the Ticky from Trade-Ideas. See the FREE profile for PNY NOW at Trade-Ideas

More details on PNY:

Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas. 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 34. Currently there are no analysts that rate Piedmont Natural Gas a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Piedmont Natural Gas has been 428,900 shares per day over the past 30 days. Piedmont Natural Gas has a market cap of $4.8 billion and is part of the utilities sector and utilities industry. The stock has a beta of 1.09 and a short float of 3.4% with 5.25 days to cover. Shares are up 5.1% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Piedmont Natural Gas as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Gas Utilities industry average. The net income increased by 5.2% when compared to the same quarter one year prior, going from $92.98 million to $97.79 million.
  • 44.44% is the gross profit margin for PIEDMONT NATURAL GAS CO which we consider to be strong. It has increased significantly from the same period last year. Along with this, the net profit margin of 21.19% is above that of the industry average.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 64.99% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • PIEDMONT NATURAL GAS CO's earnings per share improvement from the most recent quarter was slightly positive. 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 reported lower earnings of $1.74 versus $1.86 in the prior year. This year, the market expects an improvement in earnings ($1.98 versus $1.74).
  • PNY, with its decline in revenue, slightly underperformed the industry average of 18.9%. Since the same quarter one year prior, revenues fell by 24.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.