National Fuel Gas Company (NYSE:NFG) has been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $55.00.
NFG has been the topic of several research reports. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 target price on shares of National Fuel Gas in a report on Friday, July 14th. Scotiabank set a $58.00 target price on National Fuel Gas and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Shares of National Fuel Gas (NYSE:NFG) traded down 0.55% during trading on Tuesday, reaching $58.27. 217,061 shares of the company traded hands. The firm has a 50-day moving average price of $57.57 and a 200-day moving average price of $57.66. National Fuel Gas has a 12 month low of $50.61 and a 12 month high of $61.25. The firm has a market capitalization of $4.98 billion, a PE ratio of 18.15 and a beta of 0.97.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. The company had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same period in the previous year, the business posted $0.68 earnings per share. Equities research analysts anticipate that National Fuel Gas will post $3.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, June 28th. National Fuel Gas’s dividend payout ratio is presently 51.71%.
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Institutional investors have recently modified their holdings of the company. Jolley Asset Management LLC raised its position in shares of National Fuel Gas by 3.3% in the first quarter. Jolley Asset Management LLC now owns 59,666 shares of the oil and gas producer’s stock worth $3,557,000 after buying an additional 1,879 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of National Fuel Gas by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the oil and gas producer’s stock valued at $1,282,000 after buying an additional 400 shares during the period. Capstone Asset Management Co. increased its stake in shares of National Fuel Gas by 1.9% in the first quarter. Capstone Asset Management Co. now owns 7,682 shares of the oil and gas producer’s stock valued at $458,000 after buying an additional 140 shares during the period. Bank of Montreal Can increased its stake in shares of National Fuel Gas by 13.5% in the first quarter. Bank of Montreal Can now owns 34,695 shares of the oil and gas producer’s stock valued at $2,069,000 after buying an additional 4,133 shares during the period. Finally, Pennsylvania Trust Co bought a new stake in shares of National Fuel Gas during the first quarter valued at about $205,000. 69.02% of the stock is currently owned by institutional investors.
National Fuel Gas Company Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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