National Fuel Gas Co. (NFG) Given Average Recommendation of “Hold” by Analysts
Shares of National Fuel Gas Co. (NYSE:NFG) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $61.60.
Several equities analysts recently issued reports on NFG shares. Jefferies Group raised National Fuel Gas from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $67.00 in a research report on Thursday. Zacks Investment Research downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Barclays PLC upped their target price on National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Argus reissued a “hold” rating on shares of National Fuel Gas in a research report on Thursday.
In other news, Director Philip C. Ackerman sold 105,929 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $55.09, for a total transaction of $5,835,628.61. Following the sale, the director now directly owns 477,765 shares in the company, valued at approximately $26,320,073.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip C. Ackerman sold 27,838 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $55.76, for a total value of $1,552,246.88. Following the sale, the director now owns 583,694 shares in the company, valued at $32,546,777.44. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.
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Several large investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. acquired a new stake in National Fuel Gas during the first quarter worth approximately $130,000. Glenmede Trust Co. NA boosted its stake in National Fuel Gas by 4.5% in the second quarter. Glenmede Trust Co. NA now owns 2,788 shares of the company’s stock worth $157,000 after buying an additional 120 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in National Fuel Gas during the second quarter worth approximately $205,000. Peapack Gladstone Financial Corp acquired a new stake in National Fuel Gas during the second quarter worth approximately $213,000. Finally, Oakbrook Investments LLC acquired a new stake in National Fuel Gas during the second quarter worth approximately $244,000. Hedge funds and other institutional investors own 62.41% of the company’s stock.
Shares of National Fuel Gas (NYSE:NFG) traded down 1.54% during trading on Monday, hitting $53.20. The stock had a trading volume of 132,766 shares. The firm’s market cap is $4.52 billion. National Fuel Gas has a 12-month low of $37.03 and a 12-month high of $59.62. The firm has a 50 day moving average price of $55.59 and a 200 day moving average price of $55.02.
National Fuel Gas (NYSE:NFG) last released its earnings results on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The firm had revenue of $335.60 million for the quarter, compared to the consensus estimate of $384.26 million. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that National Fuel Gas will post $2.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Wednesday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently -26.60%.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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