National Fuel Gas (NFG) Downgraded by US Capital Advisors to “Hold”

National Fuel Gas (NYSE:NFG) was downgraded by analysts at US Capital Advisors from an “overweight” rating to a “hold” rating in a research report issued to clients and investors on Monday. US Capital Advisors also issued estimates for National Fuel Gas’ Q4 2019 earnings at $0.59 EPS.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a research report on Monday, December 10th. Finally, ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Four research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.

Shares of NYSE:NFG opened at $60.22 on Monday. National Fuel Gas has a 52 week low of $49.60 and a 52 week high of $61.19. The company has a current ratio of 1.25, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 6.20 and a beta of 0.88.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.05. National Fuel Gas had a net margin of 17.77% and a return on equity of 15.26%. The company had revenue of $490.25 million for the quarter, compared to the consensus estimate of $477.76 million. On average, research analysts forecast that National Fuel Gas will post 3.51 earnings per share for the current year.

In other news, VP Paula M. Ciprich sold 10,227 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $60.42, for a total value of $617,915.34. Following the completion of the sale, the vice president now owns 73,702 shares in the company, valued at approximately $4,453,074.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David F. Smith sold 9,700 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $58.24, for a total transaction of $564,928.00. Following the completion of the sale, the director now owns 363,168 shares of the company’s stock, valued at approximately $21,150,904.32. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. JOYN Advisors Inc. lifted its stake in shares of National Fuel Gas by 89.5% in the 4th quarter. JOYN Advisors Inc. now owns 487 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 230 shares during the period. JNBA Financial Advisors acquired a new stake in shares of National Fuel Gas in the 4th quarter worth $26,000. Oregon Public Employees Retirement Fund lifted its stake in shares of National Fuel Gas by 5,018.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,732,750 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 1,698,894 shares during the period. Synovus Financial Corp acquired a new stake in shares of National Fuel Gas in the 4th quarter worth $36,000. Finally, Pearl River Capital LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter worth $36,000. Institutional investors own 73.22% of the company’s stock.

National Fuel Gas Company Profile

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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