National Fuel Gas Company (NFG) Announces Earnings Results
National Fuel Gas Company (NYSE:NFG) posted its earnings results on Thursday. The oil and gas producer reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53, Bloomberg Earnings reports. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The company had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. National Fuel Gas’s revenue for the quarter was down 1.9% compared to the same quarter last year. National Fuel Gas updated its FY18 guidance to $2.75 to $3.05 EPS.
Shares of National Fuel Gas (NFG) traded down $0.64 on Friday, hitting $57.21. 461,095 shares of the stock traded hands, compared to its average volume of 347,834. The firm has a market cap of $4,891.91, a price-to-earnings ratio of 17.34, a PEG ratio of 9.75 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 1.06.
The firm also recently declared 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 of this dividend was Thursday, September 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.90%. National Fuel Gas’s dividend payout ratio is presently 50.30%.
A number of research analysts have commented on NFG shares. Scotiabank set a $60.00 target price on shares of National Fuel Gas and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed 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. Sidoti started coverage on shares of National Fuel Gas in a research report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, BidaskClub cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $59.67.
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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