Equities Analysts Issue Forecasts for National Fuel Gas Co.’s FY2018 Earnings (NFG)
National Fuel Gas Co. (NYSE:NFG) – US Capital Advisors issued their FY2018 earnings per share (EPS) estimates for National Fuel Gas in a note issued to investors on Thursday. US Capital Advisors analyst B. Followill forecasts that the oil and gas producer will post earnings per share of $2.85 for the year. US Capital Advisors also issued estimates for National Fuel Gas’ FY2019 earnings at $3.53 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $54.00 target price on shares of National Fuel Gas in a report on Thursday, October 12th. Scotiabank reaffirmed a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a report on Friday, November 3rd. Finally, Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. National Fuel Gas currently has an average rating of “Hold” and an average target price of $62.67.
National Fuel Gas (NYSE NFG) traded down $1.40 during mid-day trading on Monday, hitting $54.84. The stock had a trading volume of 387,169 shares, compared to its average volume of 457,429. The stock has a market cap of $4,780.00, a P/E ratio of 16.62, a P/E/G ratio of 6.27 and a beta of 0.94. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $61.25. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results 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 firm 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 company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS.
Institutional investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its holdings in National Fuel Gas by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock worth $3,935,000 after purchasing an additional 978 shares during the period. ProShare Advisors LLC raised its holdings in National Fuel Gas by 8.4% in the 2nd quarter. ProShare Advisors LLC now owns 179,128 shares of the oil and gas producer’s stock worth $10,003,000 after purchasing an additional 13,921 shares during the period. Amica Pension Fund Board of Trustees raised its holdings in National Fuel Gas by 91.6% in the 3rd quarter. Amica Pension Fund Board of Trustees now owns 26,154 shares of the oil and gas producer’s stock worth $1,481,000 after purchasing an additional 12,503 shares during the period. First Trust Advisors LP raised its holdings in National Fuel Gas by 300.3% in the 3rd quarter. First Trust Advisors LP now owns 288,135 shares of the oil and gas producer’s stock worth $16,311,000 after purchasing an additional 216,153 shares during the period. Finally, Stevens Capital Management LP raised its holdings in National Fuel Gas by 131.8% in the 3rd quarter. Stevens Capital Management LP now owns 47,653 shares of the oil and gas producer’s stock worth $2,698,000 after purchasing an additional 27,091 shares during the period. 71.47% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.415 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a yield of 3.03%. National Fuel Gas’s dividend payout ratio is currently 50.30%.
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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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