National Fuel Gas Company (NFG) Downgraded by BidaskClub
BidaskClub cut shares of National Fuel Gas Company (NYSE:NFG) from a buy rating to a hold rating in a research report report published on Saturday morning.
NFG has been the topic of several other research reports. Jefferies Group LLC lowered National Fuel Gas from a buy rating to an underperform rating and cut their price target for the stock from $66.00 to $52.00 in a report on Monday, April 10th. Scotiabank set a $58.00 price target on National Fuel Gas and gave the stock a hold rating in a report on Monday, April 10th. TheStreet upgraded National Fuel Gas from a c+ rating to a b rating in a report on Friday, June 16th. Finally, ValuEngine lowered National Fuel Gas from a buy rating to a hold rating in a report on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, National Fuel Gas currently has an average rating of Hold and an average target price of $59.00.
Shares of National Fuel Gas (NYSE NFG) opened at 59.08 on Friday. The company has a market cap of $5.05 billion, a PE ratio of 22.62 and a beta of 0.97. National Fuel Gas has a 1-year low of $50.61 and a 1-year high of $61.25. The firm has a 50-day moving average price of $57.34 and a 200 day moving average price of $57.60.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. National Fuel Gas had a return on equity of 18.61% and a net margin of 17.38%. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, equities analysts anticipate that National Fuel Gas will post $3.28 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.41. National Fuel Gas’s dividend payout ratio (DPR) is currently 51.71%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in National Fuel Gas by 28.9% in the second quarter. Prudential Financial Inc. now owns 380,915 shares of the oil and gas producer’s stock worth $21,270,000 after buying an additional 85,470 shares in the last quarter. Great Lakes Advisors LLC raised its position in National Fuel Gas by 23.5% in the second quarter. Great Lakes Advisors LLC now owns 111,983 shares of the oil and gas producer’s stock worth $6,253,000 after buying an additional 21,317 shares in the last quarter. American Century Companies Inc. raised its position in National Fuel Gas by 1.4% in the second quarter. American Century Companies Inc. now owns 1,014,462 shares of the oil and gas producer’s stock worth $56,648,000 after buying an additional 13,589 shares in the last quarter. Federated Investors Inc. PA raised its position in National Fuel Gas by 36.7% in the second quarter. Federated Investors Inc. PA now owns 70,927 shares of the oil and gas producer’s stock worth $3,961,000 after buying an additional 19,037 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new position in National Fuel Gas during the second quarter worth $209,000. Institutional investors own 69.02% of the company’s stock.
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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