National Fuel Gas Company (NFG) Coverage Initiated at Sidoti
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.
ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/12/national-fuel-gas-company-nfg-coverage-initiated-at-sidoti.html.
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.
Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.