$409.28 Million in Sales Expected for National Fuel Gas Co. (NFG) This Quarter
Analysts forecast that National Fuel Gas Co. (NYSE:NFG) will report $409.28 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Fuel Gas’ earnings. The highest sales estimate is $442.06 million and the lowest is $376.50 million. National Fuel Gas reported sales of $342.91 million during the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that National Fuel Gas will report full-year sales of $1.80 billion for the current fiscal year, with estimates ranging from $1.74 billion to $1.86 billion. For the next year, analysts expect that the business will report sales of $2.04 billion, with estimates ranging from $2.03 billion to $2.05 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow National Fuel Gas.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.08). The business had revenue of $552.54 million for the quarter, compared to analysts’ expectations of $602.15 million. National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share.
Shares of NYSE:NFG opened at $57.16 on Monday. The stock has a market cap of $4.93 billion, a P/E ratio of 17.11, a PEG ratio of 5.87 and a beta of 0.85. National Fuel Gas has a 12 month low of $49.60 and a 12 month high of $61.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.17.
In related news, insider John P. Mcginnis sold 2,357 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $60.14, for a total transaction of $141,749.98. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $1,202,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paula M. Ciprich sold 10,227 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $60.42, for a total transaction of $617,915.34. Following the transaction, the vice president now owns 73,702 shares in the company, valued at $4,453,074.84. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC grew its stake in National Fuel Gas by 0.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 52,587 shares of the oil and gas producer’s stock worth $3,206,000 after acquiring an additional 176 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in National Fuel Gas by 10.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,883 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 182 shares in the last quarter. Private Advisor Group LLC grew its stake in National Fuel Gas by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 5,450 shares of the oil and gas producer’s stock worth $333,000 after acquiring an additional 227 shares in the last quarter. JOYN Advisors Inc. grew its stake in National Fuel Gas by 89.5% in 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. Finally, Flinton Capital Management LLC grew its stake in National Fuel Gas by 0.7% in the 4th quarter. Flinton Capital Management LLC now owns 32,572 shares of the oil and gas producer’s stock worth $1,667,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 74.59% of the company’s stock.
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.
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