National Fuel Gas Company (NFG) Given Average Rating of “Hold” by Brokerages
Shares of National Fuel Gas Company (NYSE:NFG) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.67.
Several research firms have recently issued reports on NFG. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 price objective (up from $52.00) on shares of National Fuel Gas in a research report on Friday, September 1st. BidaskClub cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Scotiabank set a $60.00 price objective on shares of National Fuel Gas and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Finally, Sidoti began coverage on shares of National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price objective for the company.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stevens Capital Management LP increased its stake in National Fuel Gas by 131.8% in the third quarter. Stevens Capital Management LP now owns 47,653 shares of the oil and gas producer’s stock valued at $2,698,000 after purchasing an additional 27,091 shares during the period. First Merchants Corp acquired a new position in National Fuel Gas in the third quarter valued at $283,000. Wedge Capital Management L L P NC increased its stake in National Fuel Gas by 32.5% in the third quarter. Wedge Capital Management L L P NC now owns 10,467 shares of the oil and gas producer’s stock valued at $593,000 after purchasing an additional 2,566 shares during the period. Cable Hill Partners LLC acquired a new position in National Fuel Gas in the third quarter valued at $119,000. Finally, Crossmark Global Holdings Inc. acquired a new position in National Fuel Gas in the third quarter valued at $492,000. Institutional investors own 72.22% of the company’s stock.
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National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. The business 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 18.31%. During the same quarter in the previous year, the firm posted $0.68 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.415 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.86%. National Fuel Gas’s dividend payout ratio (DPR) is presently 51.71%.
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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