
NWN Stock Forecast & Price Target
NWN Analyst Ratings
Bulls say
Northwest Natural Holding Co is poised for a positive outlook due to several key factors, including the approval of its Oregon rate case, which is expected to enhance revenue by $93.3 million effective November 1st. The company has reported increased revenues attributed to gas storage and its expanding water and wastewater utilities, underscoring growth opportunities both organically and through acquisitions. Furthermore, the combination of a secure and growing dividend alongside an Investment Grade credit rating enhances its attractiveness to investors, highlighting its financial stability and potential for future earnings growth.
Bears say
Northwest Natural Holding Co faces a negative outlook due to a significant $10 million non-cash impact expected in the fourth quarter of 2024, resulting from regulatory decisions. The Oregon Public Utility Commission mandated that the company forgo $13.7 million in rate base related to line extension costs, further straining financial metrics. Additionally, the company is exposed to various risks, including unfavorable regulatory changes, declining natural gas demand, and competition from alternative energy sources, which could adversely affect its profitability and operational stability.
This aggregate rating is based on analysts' research of Northwest Natural Gas and is not a guaranteed prediction by Public.com or investment advice.
NWN Analyst Forecast & Price Prediction
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