Northwest Natural Gas traded at $48.42 this Friday May 15th, decreasing $1.49 or 2.99 percent since the previous trading session. Looking back, over the last four weeks, Northwest Natural Gas lost 11.20 percent. Over the last 12 months, its price rose by 17.81 percent. Looking ahead, we forecast Northwest Natural Gas to be priced at 47.45 by the end of this quarter and at 44.64 in one year, according to Trading Economics global macro models projections and analysts expectations.
Northwest Natural Holding Company is a holding company. The Company operates through its subsidiaries as a provider of natural gas services. Its subsidiary Northwest Natural Gas Company (NW Natural) distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. The Company’s local gas distribution segment is a regulated utility principally engaged in the purchase, sale, and delivery of natural gas and related services to customers in Oregon and southwest Washington. Its local gas distribution business is responsible for building and maintaining a pipeline distribution system, purchasing gas supplies from producers and marketers, contracting for firm and interruptible transportation of gas over interstate pipelines to bring gas from the supply basins into its service territory, and re-selling the gas. Its other activities include Interstate Storage Services and third-party asset management services.