National Fuel Gas Price Target Lowered to $74.00 at Barclays (NFG)
Research analysts at Barclays dropped their price objective on shares of National Fuel Gas (NYSE:NFG) from $75.00 to $74.00 in a report released on Friday. Barclays’ price target would indicate a potential upside of 3.80% from the stock’s previous close.
Separately, 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $77.37.
National Fuel Gas (NYSE:NFG) traded up 4.73% during mid-day trading on Friday, hitting $71.29. 1,704,001 shares of the company’s stock traded hands. National Fuel Gas has a 52 week low of $64.65 and a 52 week high of $78.79. The stock’s 50-day moving average is $73.46 and its 200-day moving average is $73.46. The company has a market cap of $5.989 billion and a price-to-earnings ratio of 20.36.
National Fuel Gas (NYSE:NFG) last released its earnings data on Thursday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. 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. On average, analysts predict that National Fuel Gas will post $3.47 earnings per share 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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