National Fuel Gas Co. (NFG) Receives Average Rating of “Hold” from Analysts
Shares of National Fuel Gas Co. (NYSE:NFG) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $65.33.
A number of brokerages have weighed in on NFG. Zacks Investment Research upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Argus restated a “hold” rating on shares of National Fuel Gas in a research note on Thursday, October 13th. Jefferies Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $67.00 in a research note on Thursday, October 13th. Finally, Barclays PLC upped their target price on National Fuel Gas from $47.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th.
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National Fuel Gas (NYSE:NFG) opened at 56.59 on Tuesday. The firm’s market capitalization is $4.82 billion. The company has a 50 day moving average price of $53.04 and a 200-day moving average price of $55.23. National Fuel Gas has a 1-year low of $37.03 and a 1-year high of $59.62.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 3rd. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The business had revenue of $292.50 million for the quarter, compared to analyst estimates of $355.89 million. National Fuel Gas had a positive return on equity of 16.27% and a negative net margin of 20.03%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts forecast that National Fuel Gas will post $3.00 EPS for the current fiscal year.
In related news, Director David F. Smith sold 48,983 shares of the stock in a transaction dated Friday, September 2nd. The stock was 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 directly owns 214,507 shares in the company, valued at approximately $12,149,676.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John R. Pustulka sold 12,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $58.58, for a total value of $702,960.00. Following the sale, the chief operating officer now owns 65,077 shares of the company’s stock, valued at $3,812,210.66. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.
Large investors have recently modified their holdings of the stock. Woodmont Investment Counsel LLC bought a new stake in shares of National Fuel Gas during the third quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of National Fuel Gas by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,433 shares of the company’s stock valued at $132,000 after buying an additional 290 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of National Fuel Gas by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 2,788 shares of the company’s stock valued at $157,000 after buying an additional 120 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of National Fuel Gas during the second quarter valued at $205,000. Finally, Peapack Gladstone Financial Corp bought a new stake in shares of National Fuel Gas during the second quarter valued at $213,000. Institutional investors own 63.23% 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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