National Fuel Gas Company (NFG) Receives “Hold” Rating from Scotiabank
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.
TRADEMARK VIOLATION WARNING: “National Fuel Gas Company (NFG) Receives “Hold” Rating from Scotiabank” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/11/04/national-fuel-gas-company-nfg-receives-hold-rating-from-scotiabank.html.
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.
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.