National Fuel Gas Company (NFG) Releases FY18 Earnings Guidance
National Fuel Gas Company (NYSE:NFG) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.75 to $3.05 for the period, compared to the Thomson Reuters consensus estimate of $2.96.
A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of National Fuel Gas from a buy rating to a hold rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a hold rating and set a $52.00 target price on shares of National Fuel Gas in a report on Friday, July 14th. Scotiabank set a $60.00 target price on shares of National Fuel Gas and gave the company a hold rating in a report on Tuesday, August 22nd. Finally, Sidoti assumed coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They set a neutral rating and a $65.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus price target of $59.67.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The firm had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.415 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.86%. National Fuel Gas’s payout ratio is 51.71%.
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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