National Fuel Gas (NYSE:NFG) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a report released on Tuesday, The Fly reports.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. TheStreet cut shares of National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Jefferies Group reissued a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a research report on Thursday, October 12th. Finally, Scotiabank reissued a “hold” rating and set a $60.00 target price on shares of National Fuel Gas in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.33.
Shares of National Fuel Gas (NYSE NFG) opened at $54.91 on Tuesday. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $61.25. The firm has a market cap of $4,699.32, a P/E ratio of 16.64, a PEG ratio of 6.11 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.16.
National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The firm had revenue of $286.94 million during the quarter, compared to analysts’ expectations of $325.81 million. During the same quarter in the prior year, the company earned $0.66 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. research analysts expect that National Fuel Gas will post 2.9 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares during the last quarter. Cable Hill Partners LLC purchased a new position in shares of National Fuel Gas in the third quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 445 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of National Fuel Gas in the second quarter worth $168,000. Finally, Oakbrook Investments LLC purchased a new position in shares of National Fuel Gas in the third quarter worth $201,000. 71.48% of the stock is owned by institutional investors.
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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.