Maxim Group Believes Northwest Gas (NYSE: NWN) Won’t Stop Here

By Ryan Adsit

Maxim Group analyst Tate Sullivan maintained a Buy rating on Northwest Gas (NWNResearch Report) today and set a price target of $79. The company’s shares opened today at $70.33, close to its 52-week high of $72.66.

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.0% and a 60.2% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northwest Gas with a $74 average price target.

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The company has a one-year high of $72.66 and a one-year low of $57.20. Currently, Northwest Gas has an average volume of 173.4K.

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Northwest Natural Holding Co. operates through its subsidiaries, which engages in the local distribution of gas and water. It supplies natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The company is headquartered in Portland, OR.