Q4 2019 Earnings Forecast for National Fuel Gas Co. Issued By US Capital Advisors (NFG)
National Fuel Gas Co. (NYSE:NFG) – Research analysts at US Capital Advisors raised their Q4 2019 EPS estimates for National Fuel Gas in a report issued on Monday, March 18th. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. US Capital Advisors has a “Hold” rating on the stock.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data 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 net margin of 17.77% and a return on equity of 15.26%. The business had revenue of $490.25 million during the quarter, compared to analyst estimates of $477.76 million.
NYSE NFG opened at $60.23 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 1.04. National Fuel Gas has a one year low of $49.60 and a one year high of $61.19. The company has a market capitalization of $5.20 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 6.20 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.70 annualized dividend and a yield of 2.82%. National Fuel Gas’s dividend payout ratio (DPR) is 50.90%.
In related news, VP Paula M. Ciprich sold 10,227 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $60.42, for a total value of $617,915.34. Following the sale, the vice president now owns 73,702 shares of the company’s stock, valued at $4,453,074.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David F. Smith sold 9,700 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $58.24, for a total transaction of $564,928.00. Following the completion of the sale, the director now directly owns 363,168 shares in the company, valued at approximately $21,150,904.32. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in National Fuel Gas by 1.0% in the third quarter. FMR LLC now owns 164,412 shares of the oil and gas producer’s stock valued at $9,217,000 after acquiring an additional 1,572 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in National Fuel Gas during the fourth quarter worth approximately $223,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in National Fuel Gas by 2.3% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 235,532 shares of the oil and gas producer’s stock worth $12,055,000 after purchasing an additional 5,375 shares in the last quarter. New Amsterdam Partners LLC NY acquired a new stake in National Fuel Gas during the fourth quarter worth approximately $1,527,000. Finally, Huntington National Bank raised its holdings in National Fuel Gas by 11.6% during the fourth quarter. Huntington National Bank now owns 12,514 shares of the oil and gas producer’s stock worth $640,000 after purchasing an additional 1,301 shares in the last quarter. 73.22% of the stock is currently owned by hedge funds and other institutional investors.
About National Fuel Gas
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.
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