National Fuel Gas Insider Sells $651,324 in Stock (NFG)
National Fuel Gas (NYSE:NFG) Insider Matthew D. Cabell unloaded 8,682 shares of the stock on the open market in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $75.02, for a total transaction of $651,323.64. Following the completion of the sale, the insider now directly owns 81,422 shares in the company, valued at approximately $6,108,278. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NFG has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.51.
National Fuel Gas (NYSE:NFG) traded down 0.90% on Friday, hitting $74.17. The stock had a trading volume of 368,414 shares. National Fuel Gas has a 1-year low of $56.87 and a 1-year high of $77.05. The stock’s 50-day moving average is $72.59 and its 200-day moving average is $72.02. The company has a market cap of $6.231 billion and a price-to-earnings ratio of 22.39.
National Fuel Gas (NYSE:NFG) last released its earnings data 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 prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts expect that National Fuel Gas will post $3.47 EPS for the current fiscal year.
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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