National Fuel Gas (NFG) Lifted to “B-” at TheStreet
Other equities research analysts have also recently issued reports about the stock. Jefferies Group upgraded shares of National Fuel Gas from a hold rating to a buy rating in a research report on Monday. Sidoti upgraded shares of National Fuel Gas from a neutral rating to a buy rating and set a $69.00 price objective for the company in a research report on Tuesday, January 2nd. Scotiabank set a $61.00 price objective on shares of National Fuel Gas and gave the stock a hold rating in a research report on Saturday, November 25th. Finally, Zacks Investment Research upgraded shares of National Fuel Gas from a sell rating to a hold rating in a research report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $62.67.
Shares of National Fuel Gas (NYSE:NFG) opened at $49.60 on Friday. National Fuel Gas has a 12-month low of $49.40 and a 12-month high of $61.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market cap of $4,284.94, a price-to-earnings ratio of 10.88, a PEG ratio of 4.96 and a beta of 0.88.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, December 28th. National Fuel Gas’s payout ratio is 36.40%.
A number of large investors have recently bought and sold shares of NFG. APG Asset Management N.V. grew its holdings in National Fuel Gas by 175.2% in the fourth quarter. APG Asset Management N.V. now owns 538,599 shares of the oil and gas producer’s stock worth $24,629,000 after purchasing an additional 342,899 shares during the period. First Trust Advisors LP grew its holdings in National Fuel Gas by 300.3% in the third 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. State Street Corp grew its holdings in National Fuel Gas by 1.7% in the second quarter. State Street Corp now owns 5,838,831 shares of the oil and gas producer’s stock worth $326,039,000 after purchasing an additional 98,720 shares during the period. Courier Capital LLC grew its holdings in National Fuel Gas by 403.6% in the third quarter. Courier Capital LLC now owns 93,369 shares of the oil and gas producer’s stock worth $5,285,000 after purchasing an additional 74,827 shares during the period. Finally, Hennessy Advisors Inc. grew its holdings in National Fuel Gas by 18.0% in the third quarter. Hennessy Advisors Inc. now owns 439,724 shares of the oil and gas producer’s stock worth $24,893,000 after purchasing an additional 67,000 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.
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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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