Jefferies Group LLC Reiterates Hold Rating for National Fuel Gas Company (NFG)
Jefferies Group LLC reiterated their hold rating on shares of National Fuel Gas Company (NYSE:NFG) in a research note released on Friday morning. Jefferies Group LLC currently has a $54.00 target price on the oil and gas producer’s stock, up from their previous target price of $52.00.
A number of other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of National Fuel Gas from a hold rating to a buy rating in a report on Monday, June 19th. TheStreet upgraded shares of National Fuel Gas from a c+ rating to a b rating in a report on Friday, June 16th. ValuEngine lowered shares of National Fuel Gas from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Scotiabank set a $60.00 price target on shares of National Fuel Gas and gave the company a hold rating in a report on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus target price of $59.67.
National Fuel Gas (NYSE:NFG) opened at 58.77 on Friday. National Fuel Gas has a 1-year low of $50.61 and a 1-year high of $61.25. The stock’s 50 day moving average is $58.35 and its 200 day moving average is $57.70. The company has a market cap of $5.03 billion, a P/E ratio of 18.30 and a beta of 0.98.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.69. The firm had revenue of $348.37 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.68 EPS. Equities analysts anticipate that National Fuel Gas will post $3.33 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its holdings in National Fuel Gas by 17.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 36,600 shares of the oil and gas producer’s stock valued at $2,044,000 after buying an additional 5,448 shares during the last quarter. Nomura Holdings Inc. bought a new stake in National Fuel Gas during the 1st quarter valued at $371,000. Pennsylvania Trust Co raised its holdings in National Fuel Gas by 108.6% during the 2nd quarter. Pennsylvania Trust Co now owns 7,165 shares of the oil and gas producer’s stock valued at $400,000 after buying an additional 3,730 shares during the last quarter. Amalgamated Bank raised its holdings in National Fuel Gas by 3.7% during the 1st quarter. Amalgamated Bank now owns 11,243 shares of the oil and gas producer’s stock valued at $670,000 after buying an additional 402 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in National Fuel Gas by 51.8% during the 1st quarter. Sei Investments Co. now owns 80,995 shares of the oil and gas producer’s stock valued at $4,829,000 after buying an additional 27,632 shares during the last quarter. Institutional investors own 71.79% of the company’s stock.
About National Fuel Gas
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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