$1.14 EPS Expected for National Fuel Gas Co. (NFG) This Quarter
Equities analysts expect that National Fuel Gas Co. (NYSE:NFG) will announce earnings per share (EPS) of $1.14 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for National Fuel Gas’ earnings, with estimates ranging from $1.12 to $1.16. National Fuel Gas posted earnings of $1.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The firm is expected to report its next earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that National Fuel Gas will report full year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.16 to $3.54. For the next year, analysts anticipate that the firm will post earnings of $3.80 per share, with EPS estimates ranging from $3.65 to $3.94. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow National Fuel Gas.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.05. National Fuel Gas had a return on equity of 15.26% and a net margin of 17.77%. The business had revenue of $490.25 million for the quarter, compared to analyst estimates of $477.76 million.
Shares of NYSE NFG opened at $60.42 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. National Fuel Gas has a 1-year low of $49.60 and a 1-year high of $60.89. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 6.16 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.70 annualized dividend and a yield of 2.81%. National Fuel Gas’s dividend payout ratio (DPR) is 50.90%.
In other news, VP Paula M. Ciprich sold 10,227 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $60.42, for a total transaction of $617,915.34. Following the completion of the transaction, the vice president now directly owns 73,702 shares of the company’s stock, valued at approximately $4,453,074.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David F. Smith sold 9,700 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $58.24, for a total value of $564,928.00. Following the transaction, the director now directly owns 363,168 shares of the company’s stock, valued at $21,150,904.32. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in NFG. JOYN Advisors Inc. boosted its position in shares of National Fuel Gas by 89.5% during the 4th quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 230 shares in the last quarter. JNBA Financial Advisors acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at about $26,000. Oregon Public Employees Retirement Fund boosted its position in shares of National Fuel Gas by 5,018.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 1,698,894 shares during the period. Synovus Financial Corp acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at about $36,000. Finally, Pearl River Capital LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at about $36,000. 73.25% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
Further Reading: Commodities
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