Brokerages Anticipate National Fuel Gas Company (NYSE:NFG) Will Post Quarterly Sales of $332.88 Million
Equities research analysts expect that National Fuel Gas Company (NYSE:NFG) will post $332.88 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for National Fuel Gas’ earnings, with the lowest sales estimate coming in at $329.46 million and the highest estimate coming in at $336.30 million. National Fuel Gas reported sales of $292.47 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The business is scheduled to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that National Fuel Gas will report full-year sales of $332.88 million for the current financial year, with estimates ranging from $1.62 billion to $2.16 billion. For the next financial year, analysts anticipate that the company will post sales of $1.88 billion per share, with estimates ranging from $1.63 billion to $2.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. The firm had revenue of $348.37 million during the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. During the same quarter in the previous year, the company earned $0.68 earnings per share.
NFG has been the topic of a number of recent research reports. Jefferies Group LLC upgraded National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 target price on the stock in a report on Wednesday, April 19th. BidaskClub cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Scotiabank set a $58.00 target price on National Fuel Gas and gave the stock a “hold” rating in a report on Saturday, July 1st. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Finally, ValuEngine cut National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $59.00.
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National Fuel Gas (NYSE:NFG) opened at 58.62 on Thursday. The company’s 50-day moving average is $57.42 and its 200-day moving average is $57.63. National Fuel Gas has a one year low of $50.61 and a one year high of $61.25. The firm has a market cap of $5.01 billion, a PE ratio of 22.44 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.41. This represents a $1.66 annualized dividend and a yield of 2.83%. National Fuel Gas’s dividend payout ratio (DPR) is 51.71%.
A number of institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its position in shares of National Fuel Gas by 0.4% in the first quarter. Parkside Financial Bank & Trust now owns 4,957 shares of the oil and gas producer’s stock valued at $295,000 after buying an additional 18 shares during the period. SRS Capital Advisors Inc. boosted its stake in National Fuel Gas by 0.7% in the first quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock worth $288,000 after buying an additional 33 shares during the last quarter. World Asset Management Inc boosted its stake in National Fuel Gas by 1.0% in the first quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock worth $336,000 after buying an additional 56 shares during the last quarter. Baird Financial Group Inc. boosted its stake in National Fuel Gas by 0.6% in the first quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock worth $1,287,000 after buying an additional 135 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in National Fuel Gas by 1.9% in the first quarter. Capstone Asset Management Co. now owns 7,682 shares of the oil and gas producer’s stock worth $458,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 69.02% 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 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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