Corning Natural Gas Holding (OTCPK:CNIG.O) - Stock Price, News & Analysis

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

CNIG.O Stock Overview

Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity.

CNIG.O fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	0/6
Dividends	3/6

Rewards

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 2.48% is not well covered by earnings or forecast to be in the next 3 years

Shares are highly illiquid

Earnings have declined by 2.8% per year over past 5 years

+ 2 more risks

Corning Natural Gas Holding Corporation Competitors

Star Group

NYSE:SGU

US$465.3m

Suburban Propane Partners

NYSE:SPH

US$1.1b

Northwest Natural Holding

NYSE:NWN

US$1.4b

Chesapeake Utilities

NYSE:CPK

US$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for Corning Natural Gas Holding
Historical stock prices
Current Share Price	US$26.12
52 Week High	US$26.12
52 Week Low	US$26.00
Beta	0.31
1 Month Change	0%
3 Month Change	n/a
1 Year Change	0.23%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0.46%

Recent updates

Shareholder Returns

	CNIG.O	US Gas Utilities	US Market
7D	0%	1.7%	1.1%
1Y	0.2%	-16.6%	11.7%

Return vs Industry: CNIG.O underperformed the US Gas Utilities industry which returned 5.4% over the past year.

Return vs Market: CNIG.O exceeded the US Market which returned -19.1% over the past year.

Price Volatility

Is CNIG.O's price volatile compared to industry and market?
CNIG.O volatility
CNIG.O Average Weekly Movement	n/a
Gas Utilities Industry Average Movement	3.3%
Market Average Movement	6.1%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	2.9%

Stable Share Price: Insufficient data to determine CNIG.O's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CNIG.O's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1904	73	Mike German	https://www.corninggas.com

Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity. The company offers natural gas to approximately 15,000 customers through approximately 434 miles of distribution main and 86 regulating stations; and electricity to approximately 4,900 customers through approximately 160 miles of electric distribution wire and poles, and 20 miles of gas distribution pipe. It also owns 4 gate stations and approximately 18 miles of pipe in Susquehanna and Bradford Counties, Pennsylvania.

Corning Natural Gas Holding Corporation Fundamentals Summary

How do Corning Natural Gas Holding's earnings and revenue compare to its market cap?
CNIG.O fundamental statistics
Market Cap	US$75.95m
Earnings (TTM)	US$1.70m
Revenue (TTM)	US$41.14m

44.7x

P/E Ratio

1.8x

P/S Ratio

Is CNIG.O overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNIG.O income statement (TTM)
Revenue	US$41.14m
Cost of Revenue	US$27.25m
Gross Profit	US$13.89m
Other Expenses	US$12.19m
Earnings	US$1.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.55
Gross Margin	33.76%
Net Profit Margin	4.13%
Debt/Equity Ratio	190.0%

How did CNIG.O perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

111%

Payout Ratio

Corning Natural Gas Holding OTCPK:CNIG.O Stock Report