National Fuel Gas Company (NFG) Issues FY18 Earnings Guidance

National Fuel Gas Company (NYSE:NFG) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.75 to $3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.96.

Several research firms have recently commented on NFG. Scotiabank reaffirmed a hold rating and issued a $60.00 price objective on shares of National Fuel Gas in a research note on Friday. Jefferies Group LLC reaffirmed a hold rating and issued a $52.00 price objective on shares of National Fuel Gas in a research note on Friday, July 14th. BidaskClub downgraded National Fuel Gas from a buy rating to a hold rating in a research note on Saturday, August 5th. Finally, Sidoti began coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a neutral rating and a $65.00 price objective on the stock. Five analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of Hold and a consensus price target of $59.67.

Shares of National Fuel Gas Company (NYSE:NFG) traded down $0.64 on Friday, reaching $57.21. The company had a trading volume of 461,095 shares, compared to its average volume of 347,834. The company has a market cap of $4.87 billion, a P/E ratio of 16.59, a P/E/G ratio of 9.70 and a beta of 0.95. The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 1.06.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. equities analysts predict that National Fuel Gas Company will post 3.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Thursday, September 28th. National Fuel Gas’s dividend payout ratio is currently 51.71%.

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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.

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

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