National Fuel Gas Co. (NFG) Receives Average Rating of “Hold” from Brokerages

National Fuel Gas Co. (NYSE:NFG) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.33.

Several equities analysts have commented on the stock. Jefferies Group reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a report on Friday, September 1st. TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Scotiabank reissued a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a report on Friday, November 3rd. Finally, Sidoti assumed coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price on the stock.

National Fuel Gas (NYSE NFG) opened at $54.71 on Friday. National Fuel Gas has a 1 year low of $53.03 and a 1 year high of $61.25. The company has a market cap of $4,688.19, a PE ratio of 16.60, a P/E/G ratio of 9.44 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The business had revenue of $286.94 million for the quarter, compared to analyst estimates of $325.81 million. During the same period last year, the firm earned $0.66 earnings per share. National Fuel Gas’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts anticipate that National Fuel Gas will post 2.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.66 annualized dividend and a yield of 3.03%. National Fuel Gas’s dividend payout ratio is presently 50.30%.

A number of large investors have recently bought and sold shares of NFG. Vanguard Group Inc. boosted its position in National Fuel Gas by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,434,192 shares of the oil and gas producer’s stock worth $470,966,000 after buying an additional 428,370 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of National Fuel Gas by 81.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 700,679 shares of the oil and gas producer’s stock worth $39,126,000 after purchasing an additional 314,397 shares during the period. JPMorgan Chase & Co. lifted its position in shares of National Fuel Gas by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock worth $234,778,000 after purchasing an additional 222,965 shares during the period. First Trust Advisors LP lifted its position in shares of National Fuel Gas by 300.3% in the 3rd quarter. First Trust Advisors LP now owns 288,135 shares of the oil and gas producer’s stock worth $16,311,000 after purchasing an additional 216,153 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of National Fuel Gas in the 3rd quarter worth approximately $11,079,000. Institutional investors and hedge funds own 71.48% of the company’s stock.

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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.

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