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Piedmont Natural Gas Earnings Preview For Friday

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Piedmont Natural Gas Inc (PNY)

Background: Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee.

Investors are looking forward to improving second-quarter earnings after the market closes on June 7, 2013 The consensus opinion is presently 73 cents a share, a progression of three cents (4.1%) from 70 cents during the corresponding period last year. Analysts' estimates this quarter range from 70 cents, to a high of 78 cents per share.

Investors are receiving $1.24 in dividends for a yield of 3.6%.
 

With short interest above 5%, investors will want to monitor changes to know if short sellers turn up the warning signals. Otherwise, the current 5.9% of the float short is relatively small and not a major concern.

 

 

(PNY)

(D)

(DUK)

(SCG)

Moderate Buy

1

4

7

1

Hold

5

13

16

7

Strong Sell Ratings

2

0

0

1

Avg Analyst Price Target

$33.43

$61.06

$74.71

$52.11

Revenue

$1.20 billion

$13.43 billion

$25.05 billion

$4.63 billion

Est Low EPS

0.70

0.60

0.94

0.47

Est High EPS

0.78

0.75

1.07

0.62

1 Year Stock Price Change

13.91%

9.66%

0.39%

8.98%

 

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Stock Tickers: PNY DUK SCG
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