On Friday, Atmos Energy got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
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The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Atmos Energy is trading about 4% above a 152.65 entry from a cup without handle.
One weak spot is the company's 76 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 6% earnings growth for Q2. Revenue growth increased 18%, up from 2% in the prior quarter. That marks one quarter of rising revenue gains.
Atmos Energy earns the No. 2 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas is the top-ranked stock within the group.
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