Atmos Energy Corp. ATO Stock Analysis

Atmos Energy Corp. stock trades under the ticker ATO & has shown recent bullishness that traders & investors should research further into.

ATO stock closed at $114.34/share on 3/16/2023.

Atmos Energy Corp. ATO Stock’s Technical Performance Broken Down

Atmos Energy Corp. ATO Stock's Technical Performance Over The Past Year
Atmos Energy Corp. ATO Stock’s Technical Performance Over The Past Year

ATO Stock Price: $114.34

10 Day Moving Average: $112.01

50 Day Moving Average: $113.99

200 Day Moving Average: $111.41

RSI: 53.26

MACD: -0.667

Yesterday, ATO stock completed a bullish MACD crossover, gaining +0.49% on the day’s session.

Recent trading volumes have been about average compared to the year prior & their RSI is neutral, as prices fight to break back above where they were in mid-February.

ATO stock has support at the $113.99 (50 day moving average), $113.30 & $112.01/share price levels, as they try to break out & above their $114.66, $115.51 & $116.96/share resistance levels.

Atmos Energy Corp. ATO Stock As A Long-Term Investment

Long-term oriented investors will like ATO stock’s 19.56 P/E (ttm) & their 1.61 P/B (mrq).

They recently reported 46.5% Quarterly Earnings Growth Y-o-Y, with 9.1% Quarterly Revenue Growth Y-o-Y.

Their balance sheet will require a deeper review before investing, with $279.43M of Total Cash (mrq) & $8.75B of Total Debt (mrq).

ATO stock pays a 2.44% dividend, which appears to be sustainable in the long-run, as their payout ratio is 49.2%.

93.91% of ATO stock’s outstanding share float is owned by institutional investors.

Atmos Energy Corp. ATO Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from ATO stock price movements, while protecting their portfolios from market volatility.

I am looking at the contracts with the 4/21 expiration date.

The $110, $100, $105 & $90 call options are all in-the-money, listed from highest to lowest level of open interest.

The $29 puts are also in-the-money.

Tying It All Together

ATO stock has many interesting attributes that traders & investors will find interesting.

Investors will like their valuation metrics, as well as their sustainable dividend yield.

Traders will like their recent technical performance, but may be disappointed by how liquid their options are.

All-in-all, it is worth taking a closer look into ATO stock to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ATO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***