NEW YORK (TheStreet) --Gas Natural Inc. (EGAS) reported a net loss of -1.4 million, or -14 cents per share, for the 2014 second quarter, compared to a loss of $0.3 million, or -4 cents per diluted share for the year ago quarter.
The company said net income was impacted by “expenses for professional fees and the $1.1 million charge for uncollectible accounts in our marketing and production segment.”
However, the natural gas company said revenue for the most recent quarter grew to $20.7 million, from $17.7 million for the 2013 second quarter.
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Separately, TheStreet Ratings team rates GAS NATURAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GAS NATURAL INC (EGAS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: EGAS Ratings Report