Analysts Anticipate National Fuel Gas Company (NFG) to Post $0.56 EPS
Equities analysts expect National Fuel Gas Company (NYSE:NFG) to post earnings of $0.56 per share for the current quarter, according to Zacks. Two analysts have provided estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.54. National Fuel Gas posted earnings per share of $0.66 in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The company is expected to report its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.25 to $3.32. For the next fiscal year, analysts anticipate that the business will report earnings of $2.97 per share, with EPS estimates ranging from $2.94 to $3.00. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. The firm had revenue of $348.37 million during the quarter, compared to the consensus estimate of $373.86 million. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.61%. During the same quarter in the previous year, the firm posted $0.68 EPS.
NFG has been the subject of several recent research reports. BidaskClub downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 target price on shares of National Fuel Gas in a research note on Friday, July 14th. ValuEngine downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Seven investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $59.00.
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National Fuel Gas (NYSE:NFG) traded down 0.71% during mid-day trading on Tuesday, reaching $58.66. 300,364 shares of the company’s stock were exchanged. The company has a 50-day moving average of $57.42 and a 200-day moving average of $57.63. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 22.46 and a beta of 0.97. National Fuel Gas has a 52-week low of $50.61 and a 52-week high of $61.25.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.415 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, June 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.83%. National Fuel Gas’s dividend payout ratio (DPR) is presently 51.71%.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in National Fuel Gas by 10.2% in the first quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock valued at $477,307,000 after buying an additional 742,945 shares during the last quarter. BlackRock Inc. increased its position in National Fuel Gas by 4,550.5% in the first quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock valued at $423,608,000 after buying an additional 6,952,310 shares during the last quarter. State Street Corp increased its position in National Fuel Gas by 11.2% in the first quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock valued at $342,227,000 after buying an additional 575,876 shares during the last quarter. JPMorgan Chase & Co. increased 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. Finally, Gabelli Funds LLC increased its position in National Fuel Gas by 1.0% in the second quarter. Gabelli Funds LLC now owns 3,371,799 shares of the oil and gas producer’s stock valued at $188,281,000 after buying an additional 34,000 shares during the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.
National Fuel Gas Company Profile
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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