Today Atmos Energy (ATO) Hits New Lifetime High

Trade-Ideas LLC identified Atmos Energy ( ATO) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Atmos Energy as such a stock due to the following factors:

  • ATO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.1 million.
  • ATO has traded 15,514 shares today.
  • ATO is trading at a new lifetime high.

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More details on ATO:

Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Regulated Distribution, Regulated Pipeline, and Nonregulated. The stock currently has a dividend yield of 2.3%. ATO has a PE ratio of 24. Currently there are 5 analysts that rate Atmos Energy a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Atmos Energy has been 853,400 shares per day over the past 30 days. Atmos Energy has a market cap of $7.6 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.38 and a short float of 2.2% with 3.13 days to cover. Shares are up 17.8% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Atmos Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • 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 36.11% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ATO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • 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 5.4% when compared to the same quarter one year prior, going from $97.60 million to $102.86 million.
  • ATMOS ENERGY CORP's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ATMOS ENERGY CORP increased its bottom line by earning $3.09 versus $3.01 in the prior year. This year, the market expects an improvement in earnings ($3.29 versus $3.09).
  • The debt-to-equity ratio is somewhat low, currently at 0.98, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.35 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • Net operating cash flow has significantly increased by 157.13% to $70.49 million when compared to the same quarter last year. Despite an increase in cash flow of 157.13%, ATMOS ENERGY CORP is still growing at a significantly lower rate than the industry average of 578.13%.

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