Analysts forecast that National Fuel Gas Co. (NYSE:NFG) will post earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.50. National Fuel Gas posted earnings per share of $0.49 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.4%. The firm is expected to announce its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.52 to $3.54. For the next fiscal year, analysts anticipate that the business will report earnings of $3.38 per share, with EPS estimates ranging from $3.16 to $3.61. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. National Fuel Gas had a return on equity of 14.53% 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 last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Thursday, August 8th. ValuEngine lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Finally, TheStreet lowered National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, July 19th.
A number of institutional investors and hedge funds have recently modified their holdings of NFG. Stonebridge Capital Advisors LLC purchased a new stake in National Fuel Gas during the 2nd quarter valued at $26,000. Prestige Wealth Management Group LLC purchased a new stake in National Fuel Gas during the 2nd quarter valued at $37,000. Farmers National Bank purchased a new stake in National Fuel Gas during the 1st quarter valued at $48,000. Advisory Alpha LLC purchased a new stake in National Fuel Gas during the 1st quarter valued at $50,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in National Fuel Gas during the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
NFG stock traded down $0.01 on Monday, reaching $48.73. 432,387 shares of the company traded hands, compared to its average volume of 505,131. National Fuel Gas has a one year low of $45.47 and a one year high of $61.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.02 and a quick ratio of 0.88. The company has a market cap of $4.32 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 5.06 and a beta of 0.76. The firm has a fifty day simple moving average of $47.15 and a 200-day simple moving average of $54.47.
The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.435 per share. The ex-dividend date is Friday, September 27th. This represents a yield of 3.6%. National Fuel Gas’s dividend payout ratio is 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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