National Fuel Gas (NYSE:NFG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system extending from Southwestern Pennsylvania to the New York-Canadian border etc. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region. The Energy Marketing segment markets natural gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and north-western Pennsylvania. “
Other equities analysts also recently issued research reports about the stock. Scotiabank reaffirmed a “hold” rating and set a $60.00 target price on shares of National Fuel Gas in a research note on Friday, November 3rd. Sidoti initiated coverage on shares of National Fuel Gas in a research note on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Jefferies Group reaffirmed a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a research note on Thursday, October 12th. Finally, TheStreet downgraded shares of National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.67.
Shares of National Fuel Gas (NYSE:NFG) opened at $55.37 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 1.22. National Fuel Gas has a 1-year low of $53.03 and a 1-year high of $61.25. The company has a market cap of $4,740.00, a PE ratio of 16.78, a price-to-earnings-growth ratio of 6.12 and a beta of 0.94.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The business had revenue of $286.94 million during the quarter, compared to analyst estimates of $325.81 million. During the same period last year, the business posted $0.66 earnings per share. National Fuel Gas’s quarterly revenue was down 1.9% compared to the same quarter last year. equities analysts anticipate that National Fuel Gas will post 2.94 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its position in shares of National Fuel Gas by 12.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 321,236 shares of the oil and gas producer’s stock valued at $17,640,000 after acquiring an additional 35,421 shares in the last quarter. Convergence Investment Partners LLC increased its position in shares of National Fuel Gas by 47.2% during the fourth quarter. Convergence Investment Partners LLC now owns 85,416 shares of the oil and gas producer’s stock valued at $4,690,000 after acquiring an additional 27,373 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of National Fuel Gas during the third quarter valued at approximately $366,000. GSA Capital Partners LLP bought a new stake in shares of National Fuel Gas during the third quarter valued at approximately $770,000. Finally, Tortoise Capital Advisors L.L.C. increased its position in shares of National Fuel Gas by 6.4% during 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 acquiring an additional 50,137 shares in the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
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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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