A Director at Northwest Gas (NYSE: NWN) is Buying Shares

By Carrie Williams

Yesterday, a Director at Northwest Gas (NYSE: NWN), Malia Wasson, bought shares of NWN for $107.7K.

This recent transaction increases Malia Wasson’s holding in the company by 49.69% to a total of $314.2K. This is Wasson’s first transaction since reporting a Sell transaction on COLM back in November 2017

Based on Northwest Gas’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $240 million and GAAP net loss of $90.17 million. In comparison, last year the company earned revenue of $232 million and had a net profit of $28.28 million. The company has a one-year high of $69.50 and a one-year low of $52.05. Currently, Northwest Gas has an average volume of 216.6K.

Based on 4 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $55.5, reflecting a -6.0% downside.

In the last 30 days, insiders have sold $143.7K worth of NWN shares and purchased $107.7K worth of NWN shares. The insider sentiment on Northwest Gas has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Northwest Natural Gas Co. engages as a natural gas distribution and storage company. It operates through two segments: Local Gas Distribution and Gas Storage. The Local Gas Distribution segment focuses on the purchase, sale, and delivery of natural gas and related services to customers in Oregon and southwest Washington.