(SR) Spire - Ratings and Ratios

Spire Inc. is a leading natural gas distribution company in the United States, operating through three key segments: Gas Utility, Gas Marketing, and Midstream. The company provides natural gas to a diverse customer base, including residential, commercial, and industrial users. With a rich history dating back to 1857, Spire Inc. has established itself as a reliable player in the energy sector, with its headquarters located in Saint Louis, Missouri. The companys operations encompass not only the sale and distribution of natural gas but also the marketing of related services, transportation, and storage. Additionally, Spire Inc. engages in propane operations through its pipeline and risk management activities.

From a business perspective, Spire Inc.s diversified operations and strong presence in the natural gas market position it for potential long-term growth. The companys Gas Utility segment provides a stable source of revenue, while its Gas Marketing and Midstream segments offer opportunities for expansion and increased profitability. With a market capitalization of $4.4 billion, Spire Inc. is a mid-cap stock with a relatively stable profile. Its return on equity (ROE) of 7.53% indicates a decent level of profitability.

Analyzing the technical data, Spire Inc.s stock price is currently at $73.63, with a 20-day simple moving average (SMA) of $73.86 and a 50-day SMA of $75.56. The stock is trading above its 200-day SMA of $69.84, indicating a potential bullish trend. The average true range (ATR) is $1.55, representing a 2.11% daily price movement. Given the current technical setup, it is possible that the stock may continue to consolidate around its current levels before breaking out or down. A potential trading strategy could involve waiting for a clear breakout above the 52-week high of $79.07 or a breakdown below the 52-week low of $56.32.

Using a combination of technical and fundamental data, a forecast for Spire Inc. can be developed. With a forward price-to-earnings (P/E) ratio of 16.58, the stock appears to be reasonably valued. Considering the companys stable revenue stream and potential for growth in its Gas Marketing and Midstream segments, a target price range of $80-$85 could be achievable in the next 6-12 months, representing a 8-15% upside from current levels. However, this forecast is contingent upon the companys ability to maintain its profitability and navigate the complexities of the energy market.