Insider Selling: Carl M. Carlotti Sells 5,000 Shares of National Fuel Gas Stock (NFG)
National Fuel Gas (NYSE:NFG) VP Carl M. Carlotti sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $74.40, for a total value of $372,000.00. Following the completion of the transaction, the vice president now directly owns 50,005 shares of the company’s stock, valued at approximately $3,720,372. The sale was disclosed in a legal filing with the SEC, which is available at this link.
National Fuel Gas (NYSE:NFG) traded up 0.43% during mid-day trading on Friday, hitting $74.68. 394,290 shares of the company’s stock traded hands. National Fuel Gas has a 1-year low of $56.87 and a 1-year high of $77.05. The stock has a 50-day moving average of $71.95 and a 200-day moving average of $71.91. The company has a market cap of $6.262 billion and a P/E ratio of 22.24.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the 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 $3.44 EPS for the current fiscal year.
A number of research firms have recently commented on NFG. Analysts at Maxim Group raised their price target on shares of National Fuel Gas from $81.00 to $83.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of National Fuel Gas from $71.00 to $75.00 in a research note on Friday, May 9th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. National Fuel Gas has an average rating of “Hold” and an average price target of $75.51.
National Fuel Gas Company is a holding company. The Company operates in five segments: Utility segment, Pipeline and Storage segment, Exploration and Production segment, Energy Marketing segment and Gathering segment.
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