National Fuel Gas Company to Post Q1 2017 Earnings of $0.91 Per Share, Jefferies Group Forecasts (NFG)
National Fuel Gas Company (NYSE:NFG) – Equities researchers at Jefferies Group cut their Q1 2017 earnings estimates for National Fuel Gas Company in a report released on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will post earnings per share of $0.91 for the quarter, down from their previous forecast of $0.92. Jefferies Group has a “Buy” rating and a $67.00 price objective on the stock.
National Fuel Gas Company (NYSE:NFG) last issued its earnings results on Thursday, November 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $292.50 million for the quarter, compared to the consensus estimate of $355.89 million. National Fuel Gas Company had a positive return on equity of 16.27% and a negative net margin of 20.03%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.
Other equities analysts have also recently issued research reports about the company. Argus reiterated a “hold” rating on shares of National Fuel Gas Company in a report on Thursday, October 13th. Zacks Investment Research upgraded National Fuel Gas Company from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. National Fuel Gas Company currently has a consensus rating of “Hold” and a consensus price target of $63.67.
Shares of National Fuel Gas Company (NYSE:NFG) traded up 0.03% during trading on Friday, hitting $57.39. The stock had a trading volume of 205,017 shares. The company’s market capitalization is $4.89 billion. National Fuel Gas Company has a 1-year low of $39.79 and a 1-year high of $59.62. The firm has a 50 day moving average of $57.20 and a 200 day moving average of $55.70.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in National Fuel Gas Company by 4.6% in the second quarter. Vanguard Group Inc. now owns 6,234,744 shares of the company’s stock worth $354,632,000 after buying an additional 274,488 shares in the last quarter. JPMorgan Chase & Co. raised its stake in National Fuel Gas Company by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,958,110 shares of the company’s stock worth $214,015,000 after buying an additional 181,812 shares in the last quarter. BlackRock Fund Advisors raised its stake in National Fuel Gas Company by 3.9% in the third quarter. BlackRock Fund Advisors now owns 3,190,211 shares of the company’s stock worth $172,495,000 after buying an additional 119,343 shares in the last quarter. Aristotle Capital Management LLC raised its stake in National Fuel Gas Company by 1.3% in the second quarter. Aristotle Capital Management LLC now owns 2,875,287 shares of the company’s stock worth $163,546,000 after buying an additional 36,523 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in National Fuel Gas Company by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,463,980 shares of the company’s stock worth $133,227,000 after buying an additional 22,091 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, December 28th. National Fuel Gas Company’s dividend payout ratio is currently -47.23%.
About National Fuel Gas Company
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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