TheStreet Downgrades National Fuel Gas Company (NFG) to C
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.
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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.
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