(ARTNA) Artesian Resources - Ratings and Ratios

Artesian Resources Corporation is a regulated water and wastewater utility company serving approximately 300,000 customers across Delaware, Maryland, and Pennsylvania. The companys extensive infrastructure includes 1,491 miles of transmission and distribution mains, enabling it to distribute and sell water to a diverse customer base, including residential, commercial, and industrial entities. In addition to its core water distribution services, Artesian Resources offers a range of complementary services, including wastewater collection and treatment, contract services, and protection plans for water and sewer lines.

Artesian Resources diversified revenue streams are derived from its water and wastewater services, as well as its contract services and other related activities. The companys customer base is spread across three states, providing a degree of geographic diversification. Its long history, dating back to 1905, and its headquarters in Newark, Delaware, underscore its established presence in the region. With a strong focus on providing essential services, Artesian Resources is well-positioned to benefit from growing demand for water and wastewater services.

Analyzing the , we observe that the stocks current price is $34.50, with a 20-day SMA of $34.64 and a 50-day SMA of $33.12, indicating a potential bullish trend. The ATR of 1.15 represents a 3.33% volatility, which is relatively moderate. Considering the , the companys Market Cap stands at $351.86M USD, with a P/E ratio of 17.31 and a Forward P/E of 17.86, suggesting a relatively stable valuation. The RoE of 8.64% indicates a decent return on equity.

Based on the and , our forecast suggests that Artesian Resources Corporation is poised for stable growth, driven by its essential services and diversified revenue streams. With a relatively stable valuation and moderate volatility, we anticipate the stock price to appreciate modestly, potentially reaching $37.50 within the next 6-12 months, representing a 8.7% increase from the current price. This forecast is contingent upon the companys continued ability to deliver strong operational performance and navigate the regulatory environment effectively.