National Fuel Gas Co. (NFG) Shares Gap Up to $58.13
National Fuel Gas Co. (NYSE:NFG) gapped up before the market opened on Tuesday . The stock had previously closed at $58.05, but opened at $58.13. National Fuel Gas shares last traded at $58.23, with a volume of 87,783 shares traded.
A number of brokerages have recently issued reports on NFG. Barclays PLC boosted their price objective on National Fuel Gas from $47.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Jefferies Group boosted their price objective on National Fuel Gas from $59.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, July 25th. Finally, Argus restated a “hold” rating on shares of National Fuel Gas in a report on Thursday, June 9th. Eight equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $60.67.
The company’s market capitalization is $4.92 billion. The stock’s 50 day moving average is $56.80 and its 200 day moving average is $53.50.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. The company had revenue of $335.60 million for the quarter, compared to the consensus estimate of $384.26 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts predict that National Fuel Gas Co. will post $2.95 EPS for the current year.
In related news, SVP Paula M. Ciprich sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $56.05, for a total transaction of $840,750.00. Following the transaction, the senior vice president now owns 83,181 shares in the company, valued at $4,662,295.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in National Fuel Gas stock. Principal Financial Group Inc. raised its position in shares of National Fuel Gas Co. (NYSE:NFG) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,355 shares of the company’s stock after buying an additional 10,133 shares during the period. Principal Financial Group Inc. owned approximately 0.32% of National Fuel Gas worth $11,515,000 as of its most recent SEC filing.
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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