National Fuel Gas Co. (NYSE:NFG) – Analysts at Jefferies Group raised their Q1 2018 earnings estimates for National Fuel Gas in a research note issued to investors on Friday. Jefferies Group analyst C. Sighinolfi now forecasts that the oil and gas producer will earn $0.85 per share for the quarter, up from their previous estimate of $0.84. Jefferies Group has a “Hold” rating and a $58.00 price objective on the stock. Jefferies Group also issued estimates for National Fuel Gas’ FY2019 earnings at $3.08 EPS.
NFG has been the subject of several other research reports. Sidoti assumed coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Scotiabank set a $61.00 target price on shares of National Fuel Gas and gave the stock a “hold” rating in a report on Saturday, November 25th. Zacks Investment Research cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, TheStreet cut shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.67.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, December 28th. National Fuel Gas’s dividend payout ratio is currently 50.30%.
Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 34 shares during the last quarter. Cable Hill Partners LLC acquired a new stake in National Fuel Gas in the third quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after acquiring an additional 445 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in National Fuel Gas in the second quarter valued at $168,000. Finally, Oakbrook Investments LLC acquired a new stake in National Fuel Gas in the third quarter valued at $201,000. Hedge funds and other institutional investors own 71.47% 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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