National Fuel Gas (NYSE:NFG) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Friday, February 2nd.
Several other brokerages have also recently weighed in on NFG. Zacks Investment Research raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 2nd. Scotiabank restated a “hold” rating and set a $60.00 target price on shares of National Fuel Gas in a research report on Friday, November 3rd. Finally, Jefferies Group restated a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.00.
Shares of National Fuel Gas (NFG) opened at $49.71 on Friday. The stock has a market capitalization of $4,283.22, a price-to-earnings ratio of 10.90, a P/E/G ratio of 4.86 and a beta of 0.88. National Fuel Gas has a one year low of $48.31 and a one year high of $61.25. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 1.12.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.21. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. The company had revenue of $419.66 million during the quarter, compared to analysts’ expectations of $453.61 million. During the same quarter in the previous year, the firm earned $1.04 EPS. National Fuel Gas’s revenue was down .7% on a year-over-year basis. equities analysts predict that National Fuel Gas will post 3.32 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its position in shares of National Fuel Gas by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 44,361 shares of the oil and gas producer’s stock valued at $2,476,000 after acquiring an additional 407 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of National Fuel Gas by 1.8% during the second quarter. Alliancebernstein L.P. now owns 50,732 shares of the oil and gas producer’s stock valued at $2,833,000 after acquiring an additional 875 shares during the last quarter. Meeder Asset Management Inc. increased its position in National Fuel Gas by 10.3% in the third quarter. Meeder Asset Management Inc. now owns 9,654 shares of the oil and gas producer’s stock worth $546,000 after buying an additional 903 shares during the last quarter. Mutual of America Capital Management LLC increased its position in National Fuel Gas by 1.4% in the third quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock worth $3,935,000 after buying an additional 978 shares during the last quarter. Finally, Comerica Bank increased its position in National Fuel Gas by 1.4% in the fourth quarter. Comerica Bank now owns 78,630 shares of the oil and gas producer’s stock worth $4,436,000 after buying an additional 1,055 shares during the last quarter. 70.85% of the stock is owned by institutional investors.
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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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