Analysts expect National Fuel Gas Co. (NYSE:NFG) to report $0.69 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.65. National Fuel Gas reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings report on Friday, August 4th.

On average, analysts expect that National Fuel Gas will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.29. For the next financial year, analysts forecast that the company will report earnings of $3.15 per share, with EPS estimates ranging from $2.92 to $3.25. Zacks’ EPS calculations are an average based on a survey of research firms that follow National Fuel Gas.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.01. National Fuel Gas had a positive return on equity of 18.34% and a negative net margin of 0.86%. The company had revenue of $522.10 million during the quarter, compared to analysts’ expectations of $514.43 million. During the same quarter in the previous year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year.

Several equities analysts have issued reports on NFG shares. Jefferies Group LLC upgraded National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 target price on the stock in a research report on Wednesday, April 19th. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, February 7th. Finally, Scotiabank set a $58.00 target price on National Fuel Gas and gave the stock a “hold” rating in a research report on Monday, April 10th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $59.00.

In other National Fuel Gas news, Director Philip C. Ackerman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $60.65, for a total transaction of $606,500.00. Following the transaction, the director now owns 239,712 shares in the company, valued at approximately $14,538,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip C. Ackerman sold 81,370 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $60.17, for a total value of $4,896,032.90. Following the transaction, the director now owns 395,504 shares in the company, valued at approximately $23,797,475.68. The disclosure for this sale can be found here. Insiders have sold a total of 226,802 shares of company stock worth $13,710,035 in the last quarter. 2.57% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in National Fuel Gas by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 3,981,504 shares of the oil and gas producer’s stock valued at $237,377,000 after buying an additional 19,337 shares during the last quarter. Aristotle Capital Management LLC boosted its position in National Fuel Gas by 5.6% in the fourth quarter. Aristotle Capital Management LLC now owns 3,054,075 shares of the oil and gas producer’s stock valued at $172,983,000 after buying an additional 160,906 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in National Fuel Gas by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,463,980 shares of the oil and gas producer’s stock valued at $133,227,000 after buying an additional 22,091 shares during the last quarter. River Road Asset Management LLC boosted its position in National Fuel Gas by 15.7% in the first quarter. River Road Asset Management LLC now owns 1,807,807 shares of the oil and gas producer’s stock valued at $107,781,000 after buying an additional 245,705 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in National Fuel Gas by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 1,180,010 shares of the oil and gas producer’s stock valued at $70,351,000 after buying an additional 105,361 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.

Shares of National Fuel Gas (NYSE:NFG) traded up 0.12% during mid-day trading on Thursday, hitting $56.57. The stock had a trading volume of 389,003 shares. The firm has a market cap of $4.83 billion, a PE ratio of 21.66 and a beta of 0.96. National Fuel Gas has a 52-week low of $50.61 and a 52-week high of $61.25. The firm has a 50 day moving average price of $56.84 and a 200 day moving average price of $56.98.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 2.86%. The ex-dividend date was Wednesday, March 29th. National Fuel Gas’s payout ratio is -1,012.50%.

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About National Fuel Gas

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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