Stifel Nicolaus analyst Selman Akyol has maintained their bullish stance on NWN stock, giving a Buy rating yesterday.
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Selman Akyol has given his Buy rating due to a combination of factors including Northwest Gas’s strong performance in the second quarter of 2025, which exceeded expectations when adjusted for one-time items. The company is strategically positioned to benefit from its 2024 rate case, the acquisition of Pines in Texas, and ongoing growth in its water segment. These factors contribute to estimates that are at the higher end of management’s guidance range.
Additionally, the anticipated rate relief by the end of the year and the execution on backlog projects are expected to drive significant earnings growth in fiscal year 2026. The target price of $50.00 is derived from a balanced approach using P/E and EV/EBITDA ratios, reflecting confidence in the company’s future performance despite its shares lagging behind the Philadelphia Utility Index year-to-date.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $46.00 price target.