Equities analysts forecast that National Fuel Gas Co. (NYSE:NFG) will post earnings of $0.81 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Fuel Gas’ earnings, with estimates ranging from $0.78 to $0.83. National Fuel Gas posted earnings of $1.04 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.1%. The business is expected to report its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that National Fuel Gas will report full year earnings of $2.95 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.00. For the next year, analysts expect that the business will post earnings of $3.08 per share, with EPS estimates ranging from $2.85 to $3.24. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The firm had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year.
NFG has been the topic of several recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Scotiabank restated a “hold” rating and issued a $60.00 price objective on shares of National Fuel Gas in a report on Friday, November 3rd. Finally, Sidoti began coverage on National Fuel Gas in a report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.00.
Several institutional investors have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC purchased a new position in shares of National Fuel Gas in the 3rd quarter worth about $366,000. GSA Capital Partners LLP purchased a new position in shares of National Fuel Gas in the 3rd quarter worth about $770,000. Tortoise Capital Advisors L.L.C. grew its stake in shares of National Fuel Gas by 6.4% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 828,793 shares of the oil and gas producer’s stock valued at $46,918,000 after buying an additional 50,137 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of National Fuel Gas by 230.5% in the third quarter. Cetera Investment Advisers now owns 15,220 shares of the oil and gas producer’s stock valued at $862,000 after buying an additional 10,615 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of National Fuel Gas by 30.9% in the third quarter. Cetera Advisors LLC now owns 6,026 shares of the oil and gas producer’s stock valued at $340,000 after buying an additional 1,421 shares in the last quarter. Institutional investors own 71.48% of the company’s stock.
National Fuel Gas (NYSE NFG) traded down $1.27 during midday trading on Friday, reaching $54.89. The company had a trading volume of 436,800 shares, compared to its average volume of 458,414. National Fuel Gas has a 1 year low of $53.03 and a 1 year high of $61.25. The stock has a market capitalization of $4,806.30, a P/E ratio of 17.02, a PEG ratio of 9.51 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.16.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.02%. National Fuel Gas’s dividend payout ratio (DPR) is 50.30%.
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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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