National Fuel Gas Given New $75.00 Price Target at Barclays (NFG)
Equities research analysts at Barclays lifted their target price on shares of National Fuel Gas (NYSE:NFG) from $71.00 to $75.00 in a research note issued to investors on Friday, ARN reports. Barclays’ price target would suggest a potential upside of 0.75% from the company’s current price.
National Fuel Gas (NYSE:NFG) opened at 74.44 on Friday. National Fuel Gas has a 52-week low of $56.87 and a 52-week high of $77.05. The stock has a 50-day moving average of $71.27 and a 200-day moving average of $71.81. The company has a market cap of $6.236 billion and a P/E ratio of 22.80.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, May 8th. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.13 by $0.01. The company had revenue of $756.24 million for the quarter, compared to the consensus estimate of $679.90 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Analysts expect that National Fuel Gas will post $3.43 EPS for the current fiscal year.
A number of other firms have also recently commented on NFG. Analysts at Jefferies Group initiated coverage on shares of National Fuel Gas in a research note on Wednesday, April 2nd. They set a “buy” rating and a $79.00 price target on the stock. Analysts at BMO Capital Markets downgraded shares of National Fuel Gas from an “outperform” rating to a “market perform” rating in a research note on Monday, February 10th. They now have a $75.00 price target on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. National Fuel Gas presently has a consensus rating of “Hold” and a consensus price target of $75.51.
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.
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