National Fuel Gas’ (NFG) Hold Rating Reaffirmed at Argus
Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of National Fuel Gas from a hold rating to a buy rating and set a $63.00 target price on the stock in a research report on Tuesday, July 5th. Jefferies Group upgraded shares of National Fuel Gas from a hold rating to a buy rating and upped their target price for the company from $60.00 to $67.00 in a research report on Thursday. Finally, Barclays PLC increased their price objective on shares of National Fuel Gas from $47.00 to $61.00 and gave the stock an equal weight rating in a research report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. National Fuel Gas has an average rating of Hold and an average price target of $61.83.
National Fuel Gas (NYSE:NFG) traded up 0.63% during mid-day trading on Thursday, hitting $54.06. The company had a trading volume of 66,497 shares. The stock has a 50 day moving average price of $55.71 and a 200-day moving average price of $54.99. National Fuel Gas has a 1-year low of $37.03 and a 1-year high of $59.62. The stock’s market capitalization is $4.59 billion.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm had revenue of $335.60 million for the quarter, compared to analysts’ expectations of $384.26 million. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, analysts forecast that National Fuel Gas will post $2.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.62 annualized dividend and a yield of 3.02%. National Fuel Gas’s dividend payout ratio (DPR) is -26.60%.
In other National Fuel Gas news, COO John R. Pustulka sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $58.58, for a total value of $702,960.00. Following the completion of the sale, the chief operating officer now directly owns 65,077 shares in the company, valued at $3,812,210.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David F. Smith sold 48,983 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $56.64, for a total transaction of $2,774,397.12. Following the completion of the sale, the director now owns 214,507 shares of the company’s stock, valued at $12,149,676.48. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Zebra Capital Management LLC increased its stake in shares of National Fuel Gas by 30.5% in the first quarter. Zebra Capital Management LLC now owns 30,436 shares of the company’s stock valued at $1,523,000 after buying an additional 7,110 shares during the period. Canada Pension Plan Investment Board increased its stake in National Fuel Gas by 15.7% in the first quarter. Canada Pension Plan Investment Board now owns 17,710 shares of the company’s stock valued at $886,000 after buying an additional 2,400 shares during the last quarter. Huntington Asset Advisors Inc. bought a new stake in National Fuel Gas during the first quarter valued at approximately $325,000. M&T Bank Corp increased its stake in National Fuel Gas by 1.9% in the first quarter. M&T Bank Corp now owns 25,910 shares of the company’s stock valued at $1,297,000 after buying an additional 491 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in National Fuel Gas during the first quarter valued at approximately $130,000. Institutional investors own 62.45% 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 in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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