National Fuel Gas Co. Hits New 52-Week High at $67.98 (NFG)
Shares of National Fuel Gas (NYSE:NFG) hit a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $67.98 and last traded at $67.91, with a volume of 98,880 shares trading hands. The stock had previously closed at $66.61.
A number of analysts have recently weighed in on NFG shares. Analysts at Howard Weil raised their price target on shares of National Fuel Gas (NYSE:NFG) from $69.00 to $71.00 in a research note to investors on Tuesday, August 13th. They now have a “sector perform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of National Fuel Gas (NYSE:NFG) from $70.00 to $75.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of National Fuel Gas (NYSE:NFG) from $62.00 to $65.00 in a research note to investors on Monday, August 12th.
Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. National Fuel Gas currently has an average rating of “Hold” and a consensus target price of $69.65.
National Fuel Gas has a 52 week low of $48.51 and a 52 week high of $67.68. The stock’s 50-day moving average is $66.02 and its 200-day moving average is $62.13. The company has a market cap of $5.661 billion and a price-to-earnings ratio of 21.48.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 8th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.06. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $399.61 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 33.8% on a year-over-year basis. Analysts expect that National Fuel Gas will post $3.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.38 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 26th.
National Fuel Gas Company is a holding company. The Company operates in four segments: Utility segment, Pipeline and Storage segment, Exploration and Production segment and Energy Marketing segment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.