Equities researchers at Sidoti began coverage on shares of National Fuel Gas Company (NYSE:NFG) in a report issued on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $65.00 price target on the oil and gas producer’s stock. Sidoti’s price objective indicates a potential upside of 13.16% from the company’s current price.

A number of other equities research analysts have also commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. BidaskClub upgraded National Fuel Gas from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Finally, Scotiabank set a $60.00 target price on National Fuel Gas and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $59.67.

Shares of National Fuel Gas (NFG) traded up 0.63% during mid-day trading on Thursday, hitting $57.44. 360,262 shares of the stock were exchanged. The stock’s 50 day moving average is $57.70 and its 200-day moving average is $57.20. National Fuel Gas has a 12 month low of $50.61 and a 12 month high of $61.25. The stock has a market cap of $4.91 billion, a PE ratio of 17.89 and a beta of 0.95.

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 Thomson Reuters’ consensus estimate of $0.69. The firm had revenue of $348.37 million for 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 18.31%. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, analysts anticipate that National Fuel Gas will post $3.32 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of National Fuel Gas by 4,550.5% in the 1st quarter. BlackRock Inc. now owns 7,105,090 shares of the oil and gas producer’s stock worth $423,608,000 after acquiring an additional 6,952,310 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of National Fuel Gas by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 8,005,822 shares of the oil and gas producer’s stock worth $477,307,000 after purchasing an additional 742,945 shares during the period. State Street Corp grew its holdings in shares of National Fuel Gas by 11.2% during the 1st quarter. State Street Corp now owns 5,740,111 shares of the oil and gas producer’s stock worth $342,227,000 after purchasing an additional 575,876 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of National Fuel Gas by 81.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 700,679 shares of the oil and gas producer’s stock worth $39,126,000 after purchasing an additional 314,397 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of National Fuel Gas by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock worth $234,778,000 after purchasing an additional 222,965 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

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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