National Fuel Gas (NFG) Posts Quarterly Results
National Fuel Gas (NYSE:NFG) posted its quarterly earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73, AnalystRatings.NET reports. The company had revenue of $440.14 million for the quarter, compared to the consensus estimate of $476.35 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. National Fuel Gas updated its FY14 guidance to $3.40-3.50 EPS.
A number of research firms have recently commented on NFG. Analysts at Zacks downgraded shares of National Fuel Gas from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 17th. They now have a $81.60 price target on the stock. On the ratings front, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $77.51.
Shares of National Fuel Gas (NYSE:NFG) traded down 1.09% on Thursday, hitting $68.07. 581,301 shares of the company’s stock traded hands. National Fuel Gas has a one year low of $64.65 and a one year high of $78.79. The stock has a 50-day moving average of $73.61 and a 200-day moving average of $73.47. The company has a market cap of $5.718 billion and a price-to-earnings ratio of 20.59.
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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