National Fuel Gas (NFG) Lifted to “Buy” at Jefferies Group

National Fuel Gas (NYSE:NFG) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat.com reports.

NFG has been the subject of several other research reports. Zacks Investment Research raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Sidoti raised shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Scotiabank reaffirmed a “hold” rating and set a $60.00 price objective on shares of National Fuel Gas in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. National Fuel Gas currently has a consensus rating of “Hold” and an average target price of $62.67.

National Fuel Gas (NYSE:NFG) opened at $49.79 on Monday. National Fuel Gas has a 52-week low of $48.31 and a 52-week high of $61.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.27. The stock has a market cap of $4,260.00, a PE ratio of 10.92, a P/E/G ratio of 4.96 and a beta of 0.88.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.21. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The firm had revenue of $419.66 million during the quarter, compared to analyst estimates of $453.61 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. analysts expect that National Fuel Gas will post 3.25 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its holdings in shares of National Fuel Gas by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock worth $3,935,000 after buying an additional 978 shares in the last quarter. Amica Pension Fund Board of Trustees increased its holdings in shares of National Fuel Gas by 91.6% during the third quarter. Amica Pension Fund Board of Trustees now owns 26,154 shares of the oil and gas producer’s stock worth $1,481,000 after buying an additional 12,503 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of National Fuel Gas by 2.2% during the third quarter. Ameriprise Financial Inc. now owns 347,556 shares of the oil and gas producer’s stock valued at $19,679,000 after purchasing an additional 7,408 shares during the last quarter. Jane Street Group LLC grew its stake in shares of National Fuel Gas by 76.9% during the third quarter. Jane Street Group LLC now owns 7,901 shares of the oil and gas producer’s stock valued at $447,000 after purchasing an additional 3,435 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of National Fuel Gas by 28.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,398 shares of the oil and gas producer’s stock valued at $703,000 after purchasing an additional 2,770 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

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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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