National Fuel Gas (NFG) Posts Earnings Results, Misses Estimates By $0.05 EPS

National Fuel Gas (NYSE:NFG) announced its earnings results on Thursday. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05), reports. National Fuel Gas had a net margin of 25.09% and a return on equity of 15.77%. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $316.56 million. During the same quarter last year, the business earned $0.53 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. National Fuel Gas updated its FY19 guidance to $3.35-3.65 EPS.

NFG stock traded down $3.82 during midday trading on Friday, reaching $51.18. The stock had a trading volume of 2,007,649 shares, compared to its average volume of 480,554. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.89. The firm has a market capitalization of $4.73 billion, a P/E ratio of 15.51, a PEG ratio of 3.32 and a beta of 0.81. National Fuel Gas has a 52-week low of $48.31 and a 52-week high of $59.90.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.425 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a yield of 3.32%. National Fuel Gas’s payout ratio is currently 51.52%.

In other National Fuel Gas news, insider Ronald C. Kraemer sold 3,054 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total value of $169,405.38. Following the transaction, the insider now owns 34,427 shares in the company, valued at approximately $1,909,665.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.57% of the company’s stock.

A number of research analysts have recently issued reports on NFG shares. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Friday, August 31st. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. US Capital Advisors reiterated an “overweight” rating on shares of National Fuel Gas in a research report on Tuesday, July 17th. Finally, TheStreet upgraded National Fuel Gas from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.60.

About National Fuel Gas

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.

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Earnings History for National Fuel Gas (NYSE:NFG)

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