National Fuel Gas Co. Expected to Earn Q1 2017 Earnings of $0.92 Per Share (NFG)
National Fuel Gas Co. (NYSE:NFG) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of National Fuel Gas in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will post earnings of $0.92 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $67.00 price target on the stock. Jefferies Group also issued estimates for National Fuel Gas’ FY2017 earnings at $3.08 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.18 EPS.
National Fuel Gas (NYSE:NFG) last issued its earnings results on Friday, August 5th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The business earned $335.60 million during the quarter, compared to the consensus estimate of $384.26 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year.
Several other brokerages have also recently weighed in on NFG. Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Argus restated a “hold” rating on shares of National Fuel Gas in a report on Thursday. Finally, Barclays PLC boosted their target price on National Fuel Gas from $47.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.83.
National Fuel Gas (NYSE:NFG) opened at 54.03 on Monday. The company’s market cap is $4.59 billion. National Fuel Gas has a 52 week low of $37.03 and a 52 week high of $59.62. The firm has a 50-day moving average price of $55.59 and a 200 day moving average price of $55.02.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFG. State Street Corp boosted its position in National Fuel Gas by 11.7% in the first quarter. State Street Corp now owns 6,439,757 shares of the company’s stock worth $322,305,000 after buying an additional 673,010 shares in the last quarter. Vanguard Group Inc. boosted its position in National Fuel Gas by 4.6% in the second quarter. Vanguard Group Inc. now owns 6,234,744 shares of the company’s stock worth $354,632,000 after buying an additional 274,488 shares in the last quarter. JPMorgan Chase & Co. boosted its position in National Fuel Gas by 6.8% in the second quarter. JPMorgan Chase & Co. now owns 3,776,298 shares of the company’s stock worth $214,796,000 after buying an additional 241,069 shares in the last quarter. BlackRock Fund Advisors boosted its position in National Fuel Gas by 1.7% in the second quarter. BlackRock Fund Advisors now owns 3,070,868 shares of the company’s stock worth $174,671,000 after buying an additional 50,216 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its position in National Fuel Gas by 1.3% in the second quarter. Aristotle Capital Management LLC now owns 2,875,287 shares of the company’s stock worth $163,546,000 after buying an additional 36,523 shares in the last quarter. Hedge funds and other institutional investors own 62.41% of the company’s stock.
In related news, Director David F. Smith sold 48,983 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $56.64, for a total value of $2,774,397.12. Following the transaction, the director now directly owns 214,507 shares in the company, valued at $12,149,676.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John R. Pustulka sold 12,000 shares of the company’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 transaction, the chief operating officer now owns 65,077 shares in the company, valued at $3,812,210.66. The disclosure for this sale can be found here. 3.25% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Wednesday, September 28th. National Fuel Gas’s dividend payout ratio is presently -26.60%.
About National Fuel Gas
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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