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published in Blogs
Nov 10, 2022

Atmos Energy (ATO, $109.07) beats fiscal Q4 expectations

Atmos Energy posted its fiscal fourth quarter earnings of $0.51 per share, rising from $0.37 per share a year ago and exceeding the Zacks Consensus Estimate of $0.45 per share. Revenues climbed +27% from the year-ago quarter to $722.63 million, surpassing the Zacks Consensus Estimate by 0.08%.

The natural-gas distributor’s guidance for earnings per share is between $5.90 to $6.10 a share for fiscal 2023, while analysts surveyed by FactSet had expected $5.95 a share.

Related Ticker: ATO

ATO saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for ATO moved out of overbought territory on February 26, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 64 similar instances where the indicator exited the overbought zone. In of the 64 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ATO as a result. In of 106 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ATO moved below its 50-day moving average on February 22, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ATO crossed bearishly below the 50-day moving average on January 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ATO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for ATO entered a downward trend on February 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ATO's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ATO just turned positive on February 15, 2024. Looking at past instances where ATO's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ATO advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ATO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.508) is normal, around the industry mean (1.691). P/E Ratio (18.008) is within average values for comparable stocks, (24.863). Projected Growth (PEG Ratio) (2.711) is also within normal values, averaging (2.894). Dividend Yield (0.027) settles around the average of (0.051) among similar stocks. ATO's P/S Ratio (4.200) is slightly higher than the industry average of (1.780).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Industry description

Gas distributors are involved in moving and selling gas – from wellheads or over-distribution systems operated by other firms – to residential and non-residential customers. These companies perform tasks such as the gathering and processing of gas, intrastate and interstate transport, and delivery to the customer. Some of the biggest gas distributing companies in the U.S. include Sempra Energy, Avangrid Inc and Atmos Energy Corporation.

Market Cap

The average market capitalization across the Gas Distributors Industry is 7.97B. The market cap for tickers in the group ranges from 11.65M to 29.64B. GASNY holds the highest valuation in this group at 29.64B. The lowest valued company is CGFEF at 11.65M.

High and low price notable news

The average weekly price growth across all stocks in the Gas Distributors Industry was 0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -3%. HOKCF experienced the highest price growth at 10%, while GASNY experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Gas Distributors Industry was 24%. For the same stocks of the Industry, the average monthly volume growth was -19% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 46
P/E Growth Rating: 56
Price Growth Rating: 51
SMR Rating: 70
Profit Risk Rating: 87
Seasonality Score: 13 (-100 ... +100)
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ATODaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a distributor of natural gas

Industry GasDistributors

Profile
Fundamentals
Details
Industry
Gas Distributors
Address
5430 LBJ Freeway
Phone
+1 972 934-9227
Employees
5019
Web
https://www.atmosenergy.com
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ATO and

Correlation & Price change

A.I.dvisor indicates that over the last year, ATO has been closely correlated with NI. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if ATO jumps, then NI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ATO
1D Price
Change %
ATO100%
-0.16%
NI - ATO
78%
Closely correlated
+0.27%
BKH - ATO
69%
Closely correlated
-1.15%
OGS - ATO
68%
Closely correlated
-0.20%
SR - ATO
67%
Closely correlated
+0.49%
NJR - ATO
66%
Loosely correlated
+0.38%
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