Shares of National Fuel Gas Co. (NYSE:NFG) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $47.00.
Several analysts have recently weighed in on NFG shares. Zacks Investment Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Thursday, August 8th. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, October 15th. TheStreet lowered National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, July 19th. Finally, Citigroup cut their price objective on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 17th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC purchased a new stake in shares of National Fuel Gas during the second quarter valued at $26,000. Bridger Capital Management LLC purchased a new stake in shares of National Fuel Gas during the third quarter valued at $27,000. Prestige Wealth Management Group LLC purchased a new stake in shares of National Fuel Gas during the second quarter valued at $37,000. FinTrust Capital Advisors LLC purchased a new stake in shares of National Fuel Gas during the second quarter valued at $53,000. Finally, CNB Bank lifted its holdings in shares of National Fuel Gas by 60.8% during the third quarter. CNB Bank now owns 1,256 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 475 shares during the last quarter. 73.03% of the stock is owned by institutional investors and hedge funds.
Shares of National Fuel Gas stock traded down $1.03 during trading on Monday, hitting $45.11. The stock had a trading volume of 684,200 shares, compared to its average volume of 606,228. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.85 and a quick ratio of 0.67. The firm has a market cap of $3.94 billion, a P/E ratio of 13.08, a PEG ratio of 5.32 and a beta of 0.74. The business has a fifty day moving average of $45.52 and a two-hundred day moving average of $50.11. National Fuel Gas has a fifty-two week low of $42.98 and a fifty-two week high of $61.71.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $293.34 million during the quarter, compared to analyst estimates of $336.30 million. National Fuel Gas had a return on equity of 14.40% and a net margin of 17.97%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, research analysts forecast that National Fuel Gas will post 3.08 earnings per share for the current year.
The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.435 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Friday, September 27th. National Fuel Gas’s dividend payout ratio is 50.43%.
About National Fuel Gas
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
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