Zacks: Brokerages Anticipate National Fuel Gas Company (NFG) to Post $0.53 EPS
Equities research analysts forecast that National Fuel Gas Company (NYSE:NFG) will report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for National Fuel Gas’ earnings. National Fuel Gas posted earnings of $0.66 per share during the same quarter last year, which suggests a negative year over year growth rate of 19.7%. The company is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.29 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.30. For the next financial year, analysts expect that the business will report earnings of $2.97 per share, with EPS estimates ranging from $2.72 to $3.16. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The business had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. During the same period in the previous year, the company posted $0.68 earnings per share.
A number of research firms recently weighed in on NFG. BidaskClub raised National Fuel Gas from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Scotiabank set a $60.00 target price on National Fuel Gas and gave the stock a “hold” rating in a report on Tuesday, August 22nd. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. Jefferies Group LLC reissued a “hold” rating and set a $52.00 target price on shares of National Fuel Gas in a report on Friday, July 14th. Finally, ValuEngine lowered National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, National Fuel Gas currently has an average rating of “Hold” and an average target price of $59.00.
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Shares of National Fuel Gas (NYSE NFG) opened at 57.64 on Friday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 17.95 and a beta of 0.97. The company has a 50 day moving average of $58.12 and a 200-day moving average of $57.74. National Fuel Gas has a 52 week low of $50.61 and a 52 week high of $61.25.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its stake in National Fuel Gas by 43.6% in the first quarter. Tyers Asset Management LLC now owns 6,636 shares of the oil and gas producer’s stock valued at $396,000 after buying an additional 2,016 shares during the period. State Treasurer State of Michigan increased its stake in National Fuel Gas by 1.2% in the first quarter. State Treasurer State of Michigan now owns 34,680 shares of the oil and gas producer’s stock valued at $2,068,000 after buying an additional 400 shares during the period. Great West Life Assurance Co. Can increased its stake in National Fuel Gas by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 49,844 shares of the oil and gas producer’s stock valued at $2,970,000 after buying an additional 2,221 shares during the period. Advisory Services Network LLC purchased a new stake in National Fuel Gas during the first quarter valued at about $312,000. Finally, Canada Pension Plan Investment Board increased its stake in National Fuel Gas by 54.9% in the first quarter. Canada Pension Plan Investment Board now owns 31,152 shares of the oil and gas producer’s stock valued at $1,857,000 after buying an additional 11,042 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.
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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