TheStreet downgraded shares of National Fuel Gas Company (NYSE:NFG) from a b- rating to a c rating in a research note published on Thursday.

A number of other research analysts have also recently commented on the company. Jefferies Group LLC reissued a hold rating and issued a $54.00 target price (up previously from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. Sidoti initiated coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a neutral rating and a $65.00 target price on the stock. Scotiabank set a $60.00 target price on National Fuel Gas and gave the company a hold rating in a research note on Tuesday, August 22nd. Finally, BidaskClub cut National Fuel Gas from a buy rating to a hold rating in a research note on Saturday, August 5th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average price target of $59.67.

Shares of National Fuel Gas (NYSE:NFG) traded up $0.31 during mid-day trading on Thursday, hitting $57.52. The company had a trading volume of 487,430 shares, compared to its average volume of 347,822. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 1.22. The company has a market cap of $4,891.88, a PE ratio of 17.34, a P/E/G ratio of 9.75 and a beta of 0.95.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. research analysts expect that National Fuel Gas will post 2.93 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “TheStreet Downgrades National Fuel Gas Company (NFG) to C” was published by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/11/06/thestreet-downgrades-national-fuel-gas-company-nfg-to-c.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.415 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.89%. National Fuel Gas’s payout ratio is presently 50.30%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares during the period. Cable Hill Partners LLC purchased a new stake in National Fuel Gas in the third quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 445 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in National Fuel Gas in the second quarter worth about $168,000. Finally, Oakbrook Investments LLC purchased a new stake in National Fuel Gas in the third quarter worth about $201,000. 72.23% of the stock is currently owned by institutional investors.

About National Fuel Gas

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.

Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.