National Fuel Gas (NYSE:NFG) released its earnings results on Thursday. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08, Bloomberg Earnings reports. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.81%. The firm had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. National Fuel Gas updated its FY19 guidance to $3.40-3.50 EPS and its FY20 guidance to $3.25-3.55 EPS.
NFG stock traded up $1.99 during trading on Friday, hitting $48.86. 1,628,390 shares of the company’s stock traded hands, compared to its average volume of 914,928. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. National Fuel Gas has a 52 week low of $45.79 and a 52 week high of $61.71. The firm’s fifty day moving average price is $51.60. The stock has a market cap of $4.05 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 5.01 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.435 per share. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, June 27th. This represents a $1.74 annualized dividend and a yield of 3.56%. National Fuel Gas’s payout ratio is presently 52.10%.
Several analysts have weighed in on NFG shares. ValuEngine lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating and set a $51.00 target price for the company. in a research note on Monday, July 22nd.
About National Fuel Gas
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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