National Fuel Gas Company (NYSE:NFG)‘s stock had its “hold” rating reiterated by equities research analysts at Scotiabank in a research report issued on Friday. They presently have a $60.00 price objective on the oil and gas producer’s stock. Scotiabank’s target price suggests a potential upside of 4.88% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Sidoti assumed coverage on shares of National Fuel Gas in a research note on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a research note on Thursday, October 12th. Finally, BidaskClub lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Five analysts have rated the stock with a hold rating, National Fuel Gas currently has a consensus rating of “Hold” and a consensus price target of $59.67.

Shares of National Fuel Gas (NFG) opened at $57.21 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.81 and a current ratio of 0.90. The firm has a market cap of $4.87 billion, a PE ratio of 16.59, a PEG ratio of 9.70 and a beta of 0.95.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $286.94 million for the quarter, compared to analysts’ expectations of $325.81 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. analysts anticipate that National Fuel Gas will post 3.3 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of NFG. OppenheimerFunds Inc. boosted its stake in shares of National Fuel Gas by 17.2% in the first quarter. OppenheimerFunds Inc. now owns 6,175 shares of the oil and gas producer’s stock valued at $368,000 after purchasing an additional 906 shares during the period. Wellington Management Group LLP purchased a new position in shares of National Fuel Gas in the first quarter valued at approximately $662,000. FMR LLC boosted its stake in shares of National Fuel Gas by 3.2% in the first quarter. FMR LLC now owns 200,411 shares of the oil and gas producer’s stock valued at $11,949,000 after purchasing an additional 6,300 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of National Fuel Gas by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 391,581 shares of the oil and gas producer’s stock valued at $23,345,000 after purchasing an additional 29,006 shares during the period. Finally, Morgan Stanley boosted its stake in shares of National Fuel Gas by 37.1% in the first quarter. Morgan Stanley now owns 399,092 shares of the oil and gas producer’s stock valued at $23,795,000 after purchasing an additional 107,936 shares during the period. 72.22% of the stock is owned by institutional investors and hedge funds.

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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