National Fuel Gas (NYSE:NFG) Updates FY20 Earnings Guidance

National Fuel Gas (NYSE:NFG) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.13. National Fuel Gas also updated its FY19 guidance to $3.40-3.50 EPS.

A number of brokerages have recently commented on NFG. TheStreet downgraded National Fuel Gas from a b rating to a c+ rating in a research report on Friday, July 19th. Zacks Investment Research downgraded National Fuel Gas from a hold rating to a strong sell rating and set a $51.00 price objective for the company. in a research report on Monday, July 22nd. Finally, ValuEngine downgraded National Fuel Gas from a hold rating to a sell rating in a research report on Thursday, July 18th.

Shares of NFG traded up $1.99 during mid-day trading on Friday, reaching $48.86. The company’s stock had a trading volume of 1,628,390 shares, compared to its average volume of 914,928. The company has a fifty day moving average price of $51.60. The company has a market cap of $4.05 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 5.01 and a beta of 0.80. National Fuel Gas has a 1 year low of $45.79 and a 1 year high of $61.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.17.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. National Fuel Gas had a return on equity of 14.81% and a net margin of 17.46%. The company had revenue of $357.20 million during the quarter, compared to analyst estimates of $400.88 million. During the same quarter in the prior year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts predict that National Fuel Gas will post 3.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.56%. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, June 27th. National Fuel Gas’s dividend payout ratio (DPR) is currently 52.10%.

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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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